Sacramento Area Default Notices And Foreclosures Surge In 3rd Quarter
The data tables in this front page Sacramento Bee article from yesterday are incredible.
Default notices and foreclosures in the 8 county Sacramento area are absolutely surging: up 158% and 516%, respectively, from the year ago period. In fact, default notices and foreclosures outpaced sales of all homes in the third quarter.
This is starting to get ugly. Emphasis on “starting”.