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Business Journal: Big Jump in Sac County Foreclosures

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(Sacramento, CA)
Tuesday, October 12, 2010

Banks took back 1,066 homes in September, and that's higher than the previous record of 1,035 homes in March.  However, foreclosure activity could be slowing down, with about one-third fewer notices of default and trustee sales during the past month, compared to September 2009.

Sacramento County is the largest housing market in the region, and considered a good barometer of the local market.  Industry tracker ForelcosureRadar.com says banks that have come under attack for their foreclosure practices and subsequently halted taking back homes in recent weeks have not yet translated into a drop in foreclosures.

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