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, 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.
10%, or 58,637 of all residential properties with a mortgage were in negative equity as of the first quarter 2014, according to CoreLogic. The 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 Archive2018-11-13 08:33:28
Economists weigh in on the real estate market
Why waiting to buy can hurt your retirement
The number one reason for mortgage declines
The holidays may decide the fate of the housing market
What will affect home values?
Housing tipping to buyer's market
Why Prop 5 restores fairness to tax system
Is a 'Generational Housing Bubble' Taking Shape?
How high will home prices go?
Are Homes More Affordable Than We Thought?
What home sellers can expect in 2018
Most say tax law will change their plans to buy a home
SD home prices rising at third-highest rate in nation
5 Changes Under the New Tax Law
No Housing Bubble...Yet
San Diego home price increases outpace nation
Homebuyers rush to riskier mortgages
Why It's a Better Time for Buyers on a Budget to Purchase a Home
My newfound purpose
Is it time to sell, San Diego?
The American Dream
Why are renters staying put?
Homeowner Value Estimates vs. Appraisals
San Diego 8th Hottest Real Estate Market
8 Questions to Ask When Deciding to Rent or Buy
Click here to see ALL articles.