News 10 reports and video: “Foreclosure activity in the first quarter of 2007 set a record in
“Sagging home values and adjusting mortgages are largely blamed for the 3,077 notices of default sent to Sacramento County homeowners in the first three months of the year. ”
“A News 10 analysis shows that most of the home owners who defaulted in the first quarter of 2007 had owned their homes less than four years.”
The report then focuses on zip code area 95832 (a bit too much) where 2.2 percent of the homeowners defaulted on their mortgage loans for the first quarter of this year.
“Of 23 houses on
Here’s where it gets real interesting: “At a recent courthouse auction, a five-bedroom, four-bathroom 3,500 square foot house on
That's an amazing 44% drop in just 2 years.
There is also an edited version of the video uploaded by a YouTube user.