Category Archives: Foreclosure

San Diego County Foreclosures Down in 2014

Good news on the foreclosure rate front for San Diego County!

housing market forecastHere are the details on foreclosures in San Diego County this past year, based on a San Diego Union-Tribune article Continue reading

Lowest Amount of Foreclosures Since the Great Recession

The rate of foreclosures goes down

foreclosureNow at the lowest point since the Great Recession, foreclosures in the San Diego County region were only at 121 properties last month (September 2014) Continue reading

Distressed Borrowers Have Waiting Periods Reduced

Fannie Mae released a report this month, informing that there are simplified waiting periods for those distressed borrowers that have a prior derogatory credit event in their past, such as a: foreclosure, bankruptcy, preforeclosure sale (short sale), or deed-in-lieu of foreclosure.Fannie Mae waiting periods Continue reading

Boomerang Buyers are Predicted to Make 10% of 2014 Purchases

understanding foreclosuresThose former homeowners who lost their home due to a foreclosure or a short sale a few years ago are now beginning to buy once more.

“Boomerang buyers who lost a home to a foreclosure or short sale between 2007 and 2013 are projected to make about 10 percent of all U.S. home purchases in 2014, according to John Burns Real Estate Consulting (JBREC)…According to JBREC, the number of boomerang buyers will increase in 2015 and 2016 as more former owners become eligible for new loans.” (“After losing their homes in the foreclosure crisis, boomerang buyers are back“, The Washington Post).

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San Diego County’s Foreclosures Still Low

foreclosuresDuring the month of July, both foreclosures and default notices in San Diego County remained low.

According to CoreLogic DataQuick, 139 properties were repossessed in the county in July, which is down from the 153 a year ago. And 446 default notices were filed in July; fewer than the 516 in July 2013. Continue reading

San Diego Foreclosures Declined in May

foreclosureForeclosures are on their way down in San Diego County, as of last reports from DataQuick. Both default notices and foreclosures have continued to decrease in May according to the real estate tracker DataQuick. Continue reading

Foreclosures down from last year

real estate marketAccording to DataQuick, in the San Diego Union Tribune’s article “Foreclosures stay low in San Diego”, foreclosures are down a significant amount from this time last year Continue reading

Foreclosures drop in San Diego county

Foreclosures are low because of home price appreciation.

understanding foreclosuresAccording to U-T San Diego, “Large gains in annual home price appreciation have continued to help keep the number of foreclosures in San Diego County at pre-Great Recession levels.”

Per DataQuick, within the month of February 2014, 141 properties were repossessed by banks in San Diego county — which is down from the 252 foreclosures a year ago. It’s also the lowest amount of February foreclosures since 2006 (when only 40 properties were repossessed by banks). Continue reading