Sacramento, CA Real Estate is changing. We will see many more Short Sales rather than Bank Owned homes (REO’s) for sale. With the 90 day moratorium on Foreclosures, this should result in many more Short Sales for sale in and around Sacramento. The new California Foreclosure Act extends the original 3 month notice of sale after filing a notice of default, for another 90 days. This delays foreclosures coming on the market by 90 days. The extra 90 days may not have a huge impact on fore
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Headlines scream almost daily about soaring foreclosures, that more than 1 million homes were lost to foreclosure in 2008 and the number is expected to top 1.2 million this year.
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