California and Job Loss
Although banks stopped issuing notice of defaults in December, foreclosures are still occurring every day. According to Sacbee.com “In all, California locales comprised 10 of the top 20 foreclosure hotbeds in the nation in 2011.” This is not good news for California, considering that Sacramento unemployment rate is now at 10.9%. There is an obvious link between these two issues. When you lose your job how do you pay for anything including your mortgage? Times are very challenging for most people right now. Most of us know someone that has lost their job or is losing their homes. California is a great place to live but how can you live in a house when you have no income to pay your bills that support you and your family.
Diana Lematua
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