Easy to Buy, Hard to Keep
CBS 13 reports on the rising tide of foreclosures in Sacramento & San Joaquin.
The number of California homeowners having difficulty paying their mortgage is going up. New statistics show the specifics: the number of foreclosures is clearly on the rise. In California there are more than 2,500 homes in foreclosure. There are nearly 85,000 pre-foreclosures. Those are homeowners who are on the verge of losing their homes.Don't forget to watch the video clip on the upper right side.
In Sacramento there are 165 current foreclosures, more than 4,500 homes are in pre-foreclosure. In San Joaquin County there are 76 foreclosures and more than 2,800 pre-foreclosures.
You can find weekly updates on Sacramento County foreclosures at the Sacramento Housing Bubble blog.
2 comments:
What does pre-foreclosure mean?
They've started missing quarterly tax payments. Many homes in pre-foreclosure do not actually go into foreclosure, but it's not a good idea to let those tax payments slip.
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