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Repo business soars as Sacramento area home sales slump

Larry Doss Monday, July 6, 2009

Repo business soars as Sacramento area home sales slump

By Jim Wasserman

At the beginning, Alejandro Maybuena lost the Sacramento house he bought in April 2005 for $350,000. At the end, in early 2009, Kim Gish bought it for $109,000.

Stories like this have happened more than 40,000 times in the Sacramento area. Still, the tale in particular of one house in California’s capital region shows the sweeping change in a real estate industry that once involved mainly a mom-and-po... Read more

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