News, insight and some thoughts about the Sacramento-area real estate market

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April 24, 2008

Neighbors down $7.4 billion from Sacramento County foreclosures

The Sacramento County Board of Supervisors is taking up the foreclosure issue at 10:45 a.m. Tuesday, April 29. On its agenda is this
report on Sacramento County foreclosures done by the California Reinvestment Coalition.

I'm posting here before taking a good look inside, but I couldn't help but notice one figure in particular: $7.4 billion in erased home equity to neighbors of all these thousands of foreclosed homes.
The top three holders of foreclosed homes in the county: Countrywide, Wells Fargo and GMAC.
I saw a lot of great maps flipping through this.
It's worth a look.