Sacramento Blogs

One out of every 55 homes in the Sacramento metropolitan area received a foreclosure filing during the first three months of the year, ranging from a notice of default to a full repossession. Sacramento had the fifth highest rate among the top 100 metropolitan areas in the United States.

Almost 14,000 foreclosure filings were recorded during the first quarter. This represented a 14 percent increase over the previous quarter and more than doubled the amount during the same period last year.

California had the second highest foreclosure rate of all states, Nevada was in first place.  The Las Vegas real estate market has been hard hit after a decade of soaring real estate prices.

The Regus Group PLC has opened one of its fully equipped offices in Elk Grove. Regus leases equipped and furnished offices in high-end buildings.

The new business center features 91 offices, 142 workstations, a board room, meeting room and a video/teleconferencing center. The Elk Grove center is the company’s eighth location in the Sacramento region.

The Elk Grove business center, at 9245 Laguna Springs Drive, is on the second floor of a new office building in a business park that includes two other office buildings along with a hotel and restaurant.

The company also has three centers in Sacramento, two in Roseville, and one each in Folsom and Gold River.

Guaranty Bank has opened a branch in Roseville. John Lombardo is the new bank manager.

The 6,500-square-foot office is located at 8777 Sierra College Blvd.

Guaranty Bank , based in Austin, Texas, has more than 150 branches in California and Texas.