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A blog about the economy and the Sacramento-area real estate market.

August 7, 2008
Sacramento County sets up a foreclosure task force

I didn't know this until a few minutes ago, talking for a minute with Congresswoman Doris Matsui's office, that the county has a foreclosure task force. It's rather new and has only met a couple of times, as I understand it. It might be a good resource for neighborhoods dealing with these issues. There's a contact number.

Here is a news release about Matsui's appointment to the task force. More information on its mission, and new contacts, too.

Later, I did, hear from Karen Maxwell, assistant chief deputy district attorney, who provided a little more history. She says the task force has been meeting for a few months and recently expanded. One of its first missions was to send out letters to everyone who has gone into default, warning them to be wary of fraud schemes.

 The force's next meeting is Sept. 10, where members will hear from banks that own and manage foreclosed properties. The group wants to hear more about what banks are doing to keep blight down.

Says Maxwell about foreclosures: "It's created huge havoc. Natomas is really hit hard with its relatively new homes. People are running amok, breaking in and stealing copper and air conditioning units."

Sacramento County has seen 8,400 foreclosures the first half of 2008, according to DataQuick Information Systems.

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