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Repo business soars as Sacramento area home sales slump

Larry O. Doss Monday, July 6, 2009

Repo business soars as Sacramento area home sales slump

By Jim Wasserman
jwasserman@sacbee.com

http://www.sacbee.com/topstories/story/2002300.html

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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