While perusing the distressed inventory listings, I've begun to notice an increasing number of delinquent utility bills being added to the direct levy portion of the property tax owed. Of course, the banks are bringing these bills current when they repo the houses, so in effect, not only are the foreclosure moratoriums allowing people to remain in houses mortgage-free, they're also getting free city utilities! Here are but two of what must be hundreds of examples:
5051 Karbet Way
Sacramento, CA 95822
8112 Sacramento St
Fair Oaks, CA 95628
Just another example of how well-intended legislation actually hurts everyone involved. Local media: this is a great story if you can get statistics from the assessor. Note: Unpaid utility bills cut PG&E's earnings by 2 cents a share this quarter. I'm still waiting on SMUD's slower-than-molasses website to get their data.