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« Trulia's Listing of the Week | Main | The Vision Report » July 07, 2008COPS
This is a brilliant story that looks at another site of the foreclose issue here in California. This time from the side of the law enforcement, along with the story there's a video ride along with a sheriff's deputy who seems to spend the bulk of his day dealing with the fall out of the housing market. There was a time when all that Sacramento County Sheriff's Deputy Mark Habecker knew about mortgages was his own monthly payment. He had never heard of subprime loans or the term "cash for keys." The deputy could count on one hand the times he'd evicted homeowners. Then came the housing crisis. Now, Habecker converses smartly about adjustable-rate mortgages. He knows all about home values. And while most of his evictions still involve landlord-tenant disputes, he has new layers of paper in his stack of eviction notices. They're from banks taking back houses. On a recent Monday, it's only 9:45 a.m., but Habecker, 46, is already pulling into the driveway of a Del Paso Heights home repossessed by a bank. The 78-year-old house was foreclosed in February. But its troubles continue. Click here for the complete story... Posted by Jeff Brooks on July 7, 2008 07:18 AM | Permalink TrackBackTrackBack URL for this entry: |
