The real estate data firm RealtyTrac just released a report showing real estate home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago.
RealtyTrac said the foreclosure peak has yet to be reached.
The vice president of marketing at RealtyTrac said: "What we're really looking at is ongoing fallout from people overextending themselves to buy homes they couldn't afford and using highly toxic loan products to get into the houses in the first place." *To view the full post, please visit the San Diego real estate market blog
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