Welcome to the DevoreRealtyGroup.com Blog

2014-06-06 07:07:20
San Diego Foreclosure News

The Latest Foreclosure Information


Some very good data has recently been released regarding the status of foreclosures in San Diego County, and the picture continues to brighten.  We will break it down based upon the foreclosure timeline:

Trustee Deeds

Trustee deeds, the final step in the foreclosure process, transferring ownership from the delinquent borrower back to the lender or a third party — were filed on 150 properties in May, 35.9 percent lower than in February and 45.3 percent lower than March 2013.


Notice of Default

 Notices of Default, which initiate the foreclosure process by registering that a borrower is behind in payments, fell 18.8 percent from April to May, and fell 41.3 percent from May 2013 to May 2014, according to the San Diego County Assessor's Office. Lenders issued notices of default to 427 borrowers in May, down from 526 in April and down from 728 in May 2013.


Underwater Mortgages


10%, or 58,637 of all residential properties with a mortgage were in negative equity as of the first quarter 2014, according to CoreLogicThe first quarter data is compared to 11.5%, or 67,309 properties, in the fourth quarter of 2013.  An additional 2.3%, or 13,417 residential properties, were in near negative equity for first quarter 2014 compared to 2.5%, or 14,386, in fourth quarter 2013.



Blog Archive
2017-04-21 06:42:10
Why are renters staying put?

2017-04-20 06:49:29
Homeowner Value Estimates vs. Appraisals

2017-04-09 07:26:48
San Diego 8th Hottest Real Estate Market

2017-04-03 13:29:11
8 Questions to Ask When Deciding to Rent or Buy

2017-03-31 17:41:05
San Diego rent prices vs. home prices

2017-03-24 13:33:28
Preparing Your Budget for Buying Your First Home

2017-03-24 10:02:40
San Diego home prices dip in February

2017-03-15 17:54:30
County Housing Patterns Shifting

2017-03-03 11:32:47
Where millennials want to live might surprise you

2017-02-27 13:41:52
Misleading Math Behind the Rent vs Buy Calculation

2017-02-24 10:38:59
Older Americans Face Challenges Aging in Place

2017-02-21 15:12:32
Moving Less in U.S.: American Dream Takes a Hit

2017-02-07 13:52:11
Millennials, Housing, and the American Dream

2017-02-01 11:50:46
20 Hottest Markets for U.S. Real Estate in January

2017-01-31 18:13:12
January, February Prime Months to Purchase a Home

2017-01-26 14:47:42
Home Buyer Challenges for 2017

2017-01-19 12:21:59
Nation's Priciest House: $250M

2017-01-13 14:17:03
Are local housing's price gains real?

2017-01-13 12:06:22
Housing Outlook 2017: Eight Predictions

2016-12-30 11:05:38
Trump Win Could Usher in Boom for U.S. Housing

2016-12-19 18:12:11
Is the Starter Home Coming Back?

2016-12-19 17:28:35
Interest rate increased, where will consumers feel

2016-12-19 16:47:51
Step Aside HAMP, There's a New Kid in Town

2016-12-08 17:45:40
Marketwatch Report November 2016

2016-12-08 17:10:21
FHA Loan Limits To Rise in 2017

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.