Many Sacramento Homeowners Stop Paying Mortgages
[caption id="attachment_2603" align="aligncenter" width="219" caption="Many Unerwater Sacramento Homeowners Stop Paying"][/caption] 12.33 percent of the Sacramento's homeownerswho have a mortgage are either in foreclosure, have lost their homes or are three months late with the payments The first national decline in foreclosures in five years, reported in April by RealtyTrac was hailed as a sign that the housing market could be recovering.But concerns about the future linger, as experts say the foreclosure numbers don’t paint an accurate picture. That’s because the number of people who are more than three months late on their mortgage payments has continued to escalate without sign of a slowdown. These are homeowners who could be facing foreclosure, but for a variety of reasons their lenders have not initiated foreclosure...
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