Sacramento: Leading US City Hit Hardest By The Recession.

The Brookings Institution and London School of Economics study looked at cities in the US hit hardest by the current recession. Sacramento California at 14th on the list remains a leading city hit hardest. The study looked at factors such as foreclosures, bankruptcyrates, Job posting to unemployment ratios and more. While this may be news to everyone else, this is an obvious reality to many here in Sacramento.

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Foreclosures Are More Profitable Than Loan Modifications, According To New Report

Here's an interesting article where you'll learn more than you ever wanted to about how the banks, loan servicers, and investors got us into this mess.  But if you want to learn more, make sure you read the accompanying report.

 

Fannie Mae Deed for Lease Program will let you rent your home instead of Foreclosure.  All this is not the same as owning your home, you pay less and you continue living in your home for at least one year. 

www.huffingtonpost.com/2009/11/05/fannie-mae-deed-for-lease_n_346988.html