The City of San Diego has been granted $9.5 million in Federal funds to help aquire foreclosed homes in the City.
This initiative will assist approx 130 families (story in SignonSanDiego here) – think this is a good idea?
Not according to Bob Kavane, incoming 2009 Treasurer of SDAR (San Diego Assoc of Realtors).
I listened to his [...]

Heaven forbid there are Foreclosures (and short sales too) in Rancho Santa Fe, CA 92037 & 92091 …
… the upscale community with one of the highest median prices in the US is not totally immune to the mortgage mess and current market conditions.  So what’s been happening in Rancho Santa Fe this year? Here are [...]

Mortgage resets ~
Many San Diego homeowners were put into loans that reset to higher interest rate – typically 2 to 5 years from the date the homeowner bought the house. The rational from the Mortgage Broker was that the borrower could refinance at a later date at a better rate.
Well guess what – in many [...]

This very disturbing video covers Southern California Inland Empire’s “foreclosure alley”. Homes abandoned with furniture and personal belongings – even huge TV’s and features a team that is sent in to “trash out” all the stuff left behind.
A code enforcement officials sums up the problem in a single sentence – “You know you’re in trouble when [...]

What to do if you are unable to pay your mortgage?
David Cabot, Executive Vice President of Prudential California Realty based here in San Diego, was interviewed on KUSI-TV’s Good Morning San Diego about the current housing situation.
He advised listeners to start by getting an expert negotiator on their side if you need to sell a [...]

All these homes in San Diego County sold during late August and September 2008.
We have included examples of short sales and foreclosures from across the County for San Diego homes in the $300,000 to $500,000 price range so you can appreciate some the losses the Lenders took. Some sellers also lost any equity they put into the [...]

Have we reached the bottom of the San Diego real estate market yet?
All parents know the dreaded phrase “are we there yet” emanating regularly from the back seat …
In this transparent world we live in it’s easy for all the pundits, economic forecasters, bubble commentators, news-writers and bloggers to comment on the latest statistics and credit [...]

…. San Diego Foreclosures Can Affect You Too!
With foreclosures hitting hard across San Diego County many renters are being faced with an issue that they have never had to deal with before ~ landlords facing foreclosure. The media has been so focused on the extent of the mortgage and real estate “crisis” that there has been [...]