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”.

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