sacramento: Foreclosure flood fails to materialize in Sacramento Area
- 10/16/09 02:46 AM
People who watch housing prices have predicted for months that another deluge of foreclosed homes would soon hit the market – once again crushing Sacramento-area property values. But the flood of bank repos hasn't materialized. And now, a leading California foreclosure analyst says it probably won't. "From the things I'm seeing, there's not going to be a wave any time soon," said Sean O'Toole, president of ForeclosureRadar, a Contra Costa County firm that tracks mortgage defaults and foreclosures. Despite a growing number of loan defaults and delinquencies, O'Toole said banks are now selling more homes than they're repossessing – and political … (1 comments)
People who watch housing prices have predicted for months that another deluge of foreclosed homes would soon hit the market – once again crushing Sacramento-area property values.
;)
;)
;)
