Kim Gish holds her daughter outside her Sacramento homewhich she purchased for $109,000, after it had been foreclosed. The previous owner paid $350,000 in 2005.
Kim Gish holds her daughter outside her Sacramento homewhich she purchased for $109,000, after it had been foreclosed. The previous owner paid $350,000 in 2005. Bryan Patrick / Sacramento Bee
Kim Gish holds her daughter outside her Sacramento homewhich she purchased for $109,000, after it had been foreclosed. The previous owner paid $350,000 in 2005. Bryan Patrick / Sacramento Bee

Foreclosures are remaking the real estate business

July 06, 2009 6:42 AM