Tuesday, December 2, 2008

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Foreclosure Alley, CA


Correspondent Lisa Ling

September 23, 2008 11:02 PM

For the past few years, the Inland Empire in Riverside County has been one of the fastest growing counties in the state - home to a major housing boom. But now the Inland Empire is pretty much the poster child for the foreclosure crisis. In the newer developments, house after house sits vacant - either up for auction, for sale by a bank or going for what’s called a “short sale” which is when the owner owes more than the house is worth.


Coming to a subdivision near you?