In Oakland, the eighth most populous city in California, the problem of listings of foreclosures has not only been causing housing problems, it has also been ruining the health of people and communities.
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From the monthly archives:
April 2009
Due to layoffs and increased mortgage loan payments, more and more homes in the suburbs of Detroit are being added to foreclosure listings. While these foreclosure properties represent harrowing losses to their former owners, they represent attractive opportunities for homebuyers looking for lower-priced homes for their families.
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The California foreclosures rate has been one of the highest in the country. Some industry experts even believed that California is the state hardest hit by the foreclosure crisis.
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