It's a shame, but in today's San Diego real estate environment, home lenders have taken on the personification of evil. It seems we are always hearing about San Diego banks or home mortgage lenders who do not want to work with homeowners in trouble.
Though this may have held some validity a year or two ago, it is just the opposite today. Effective July 1, 2008, a new California law mandates that the lenders try to contact and work with homeowners prior to filing a notice of default. *To read the full post, please visit the San Diego real estate blog
California home foreclosures - In a report issued today by California-based research group RealtyTrac it was reported that California home foreclosure filings fell 32 percent on a monthly basis but were up 36 percent from a year ago. California remained the third hardest-hit state in the collapsed real estate sector, after Nevada and Florida.
Some prior posts on home foreclosures:
In the table below, www.brokerforyou.com looked at selected San Diego neighborhoods that had 10 or more closed sales in August 2008 & August 2007.

*To view the full post, please visit the San Diego real estate blog
The local San Diego 'experts' who are trying to jump on every tidbit of positive real estate news as proof positive that our San Diego real estate market is finally turning, may just have to re-think their recent touting of slowing subprime delinquencies.
Clayton Fixed Income Services, Inc released a report showing the percentage of subprime borrowers 60 or more days in arrears at the end of July surged for both the 2006 and 2007 vintages, up nearly 7% and 11% compared to June, respectively. *To read the full post, please visit the San Diego real estate blog - To subscribe to my free RSS blog feed, please use San Diego real estate blog RSS subscriprion
San Diego median home prices took a huge drop of 22.8% in May according to a report released today by DataQuick of La Jolla CA. Also, home sales in San Diego were off by 12% vs. May 2007. Keep in mind, last year was also a very slow real estate year. To view the full post and additional details, please visit the San Diego California real estate blog
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