Foreclosures in the Inland Empire

In my last post, I mentioned how I'm seeing a lot of abandoned pets in my neighborhood as foreclosures are popping up everywhere. This is a horrible situation and the Inland Empire is rife with it. I thought I'd post the following video from KCET, which documents the problem in our region quite movingly. It is called Foreclosure Alley.

My husband and I bought our home 4 years ago. We are first time homeowners. In the last year or so, the value of our home has sank significantly. This is not the investment in our future we'd hoped it would be. The situation is sadder still in the blocks surrounding ours as foreclosure notices are springing up all around town. While the video suggests that the problem is epidemic in newer subdivisions, it seems a problem everywhere in our region.

Here is a map of foreclosure activities nationwide. Things do not look good in California. No, not at all.