Bringing you news and advice on todays changing San Diego foreclosure market.

Quick question: Was it easy borrowing, lenders lax or nearly non-existant criterior, borrowers greed or the sub prime crisis that were the main factor in the current state of affairs?

I believe it was a combination of all of these factors that led to todays San Diego housing market.

The final straw came in August 2007 when lenders dramatically tightened their lending criterior (gosh - buyers actually have to qualify?) precluding possibly as many as 50% of San Diego buyers at that time.

The San Diego real estate see saw

Take that many potential buyers out of the picture in one foul swoop and no wonder San Diego home prices have fallen so dramatically.

It’s the outlying areas of San Diego County that has been suffering the most with prices falling as much as 40 to 50% (San Marcos, Chula Vista, Oceanside as examples).

Property values along the central coast have been holding up albeit with reduced sale volume. Difficult to predict the bottom of this cycle some pundits are suggesting early next year.

On this blog we offer San Diego foreclosure advice you can use - check out these resourses for more ...

If you think you might be upside down on your mortgage (you owe more than the home is worth) ...

... you might like to start off learning more about San Diego short sales here: What is a short sale? ...

... or you may need to discover what happens during the foreclosure process in San Diego after an owner falls behind on their mortgage payments.

If you currently rent, San Diego foreclosures can affect you too, many landlords are facing foreclosure and this may affect your lease.

Perhaps you are thinking of buying a San Diego home in todays market, or maybe purchasing investment property - our Buying a short sale and Buying a Foreclosure pages go over the pro and cons of when to make that purchase and other relevant topics.

Reports detailing market activity and San Diego price trends are also available for every zip code in San Diego County with charts and data you can use.

Finally our experienced real estate team is here to assist you with timely answers to all your questions - feel free to get in touch.

There are also many books on Amazon that address these issues:

Military Homeowners Sellers Assistance Program.
Relocating can be a significant part of being in the military.
With new orders and a potential relocation every 18 months or so, buying and selling a home becomes especially challenging. During the height of the housing boom, selling a home could be done in a few days to a few [...]

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Posted on May 22, 2009 | No Comments

CAR - the California Association of Realtors offer buyer protection …
It seems like stimulus packages and buyer incentives have become the norm these days.  First the car companies offered incentives that if you buy a car and lose your job, they will pay your car payment or even take your car back with no penalties. 
What [...]

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Posted on April 24, 2009 | No Comments

This economy unfortunately can bring the worst out in people.
It’s not enought that homeowners are going through the trauma of possibly loosing their homes – there are unscrupulous people preying on them to add to the insult …
The California Association of Realtors has a short article highlighting the areas that are "Red Flags" – tips [...]

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Posted on March 27, 2009 | No Comments

Homowners tell their Lenders "Produce the note".
This often stays or delays the foreclosure process as often the Banks cannot produce the note!

 

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Posted on February 25, 2009 | No Comments

There are thousands of renters who have become victims of the current housing crisis due to banks foreclosing on the properties they have been living in. Many of these tenants are totally unaware that their landlords are in trouble until an eviction notice arrives in the mail or is posted on the front door.
Approximately [...]

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Posted on February 6, 2009 | No Comments

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