Home Front

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

January 27, 2010
Foreclosure crisis slowing some as banks rethink strategies

La Jolla researcher MDA DataQuick released new Q4 2009 foreclosure numbers this morning,

real-estate-investment-property-foreclosure.jpgshow that defaults are down to their lowest levels since early last year. But the capital region saw 5,081 more foreclosures in the last three months of 2009 - raising the tally since the mortgage crisis began in early 2007 to nearly 52,000.

Statewide, more than 650,000 homeowners have surrendered keys to banks since 1/1/07.

Here are the 

regional numbers of foreclosures and defaults.

The statewide press release with all the details

is here.

Photo courtesy of trexglobal.com

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