While the House and Senate look to pass legislation to stem the rising tide of foreclosures, Democratic Congresswoman Laura Richardson can speak to the crisis firsthand; she claims that her Sacramento home was recently sold into foreclosure without her knowledge and in violation of an agreement that she had with her lender.
She explained in a recent interview that her money woes are due in large part to having financed her own campaign. The 1,600-square foot home that she paid $535,500 for back in January 2007 was sold at auction earlier this month to a Sacramento mortgage lender for just $388,000.
You can check out foreclosure rates and foreclosed homes for sale in Sacramento on HotPads.
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