The Foreclosure Report

Defaults 'On The Rise' In California

A television station in California has this to report. "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."

"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."

A video report is available at the link.

posted by Ben Jones @ 1:20 PM