Foreclosure Looms

So you bought a house in 2005 at or near the top of the market and probably used an adjustable first and second mortgage in order to qualify to buy that house. Now, two or three years later that interest rate on your loan has adjusted upward and your monthly mortgage payment has significantly increased to a point that you can no longer afford to make the house payment. Read more

San Diego Areas Least Affected by Foreclosures

While some of the San Diego real estate communities with the most affordable housing have the highest rate of foreclosed homes in the County, other communities with the least affordable housing have the lowest rate of foreclosures according to a report that was published last week by DataQuick. Read more

San Diego Foreclosures on the Rise

I probably received an excess of 20 phone calls this morning from real estate investors seeking information on available foreclosure homes in San Diego. While I was wondering why everybody was calling regarding REO properties today, later on this afternoon I saw DataQuick’s report that during the first half of 2007 there were 2,896 homes foreclosed in the San Diego County. WOW! Read more

Buying REO Properties (Foreclosures)

So you are ready to purchase a home and one of your options is to purchase a REO or Bank Foreclosure home as it is mostly known. Here is a list of things that you should know when you decide to make an offer on such a home: Read more

Avoiding Foreclosure

I just heard on the Fox News tonight that foreclosure notices in San Diego County jumped to its highest level in two years, at a nearly 60 percent rise. Although this number might sound high, we have to closely examine the reasons behind it before we can come to a conclusion. Read more