Foreclosed Homes & Bank Repo Homes
Charmichael CA Sale Price $209K Was $304,700		Rancho Cordova CA Sale Price $245K Was $399,990		Sacramento CA Sale Price $125K Old Loan $268k
Antelope CA Sale Price $229K Old Loans $360K		Elk Grove CA Sale Price $299K Was $530,000		Elk Grove CA Sale Price $409K Was $708,500

Sacramento Foreclosure News:
The number of foreclosures completed in February grew 67 percent over the prior month, according to a report from Foreclosures.com, hitting a new monthly high.

Sacramento-based Foreclosures.com tracks foreclosures and notices of default. The company said 121,7565 foreclosures were completed nationwide in February, up from 72,694 in January and the previous high of 104,243 in September.

Pre-foreclosure filings hit a new high as well, to 207,703, a 24 percent increase from January.

California had 23,988 completed foreclosures in February, a 67 percent increase from January but still 24 percent less than the 31,851 completed foreclosures in September.

California still leads the nation in foreclosures, with 124,388 in the past six months. Florida comes in second with 69,970 in the same time period. The two states reverse ranking for pre-foreclosures, with Florida in the top spot with 294,181 pre-foreclosure filings in the past six months, followed by California, with 196,712 filings.

Despite the gain in foreclosures, there are a few bright spots in the California housing market. Sales of existing single-family homes increased more than 100 percent in January 2009 compared to the previous year, to 624,940 sales, according to the California Association of Realtors. That’s the most sales since October of 2005.

“It looks like those same markets where the foreclosure mess began — including California, Florida, Arizona and Nevada — are now seeing the market bottom and sales pick up again,” said Alexis McGee, president of Foreclosures.com, in a news release. “This is the time to buy.” Washington Business Journal