Sacramento Real Estate Views

Foreclosures In Sacramento

Are You Worried About Losing Your Home?

I visited the SHRA, Sacramento Housing and Redevelopment Agency, and they had a load of information regarding foreclosure resources so I thought it might be good to pass it along.

There have been many, as there always seems to be, cases of fraud regarding those attempting to take advantage of others who are in in trouble.  This housing market is no exception to that.  Here are a couple of things to watch out for:

1.  Anyone who calls or comes to your home offering to help unsolicited.

Some areas of the region are more prone to foreclosure than others.  The unscrupulous could target these neighborhoods and take advantage of folks having  a hard time making their mortgage payments.

2.  Anyone who offers to let you stay in your home if you pay them rent.

3.  Anyone who asks for a security deposit and first month’s rent in cash for a rental home.

I’ve seen single mothers displaced by this one.  It’s a tragedy of the market and it does happen.  Never pay anyone who asks for cash upfront in this market or any market for that matter.

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Tags: foreclosure resources, homes in sacramento, sacramento foreclosures