Search San Diego County Foreclosures & Short Sales The California average discount for pre foreclosures is 29.93% It is taking an average of 370 days to foreclose in California as of 1st quarter 2012. 12.5 million or 25% of US homeowners are reported significantly underwater 4.5 million homeowners are 11-25% underwater 3.8 million homeowners are… Read More
2012 Short Sale Timelines
April 19, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Effective for new evaluations conducted on or after June 15th, Freddie Mac has implemented new requirements where servicers must comply with the following minimum communication time frames for all short sales. Within five days of an evaluation decision, but no later than 30 days following receipt of… Read More
1002 30th St, San Diego
March 30, 2012 By Leave a Comment
Rarely for sale, this unit is in a gated secure complex with Spanish courtyard, palm trees, and saltillo tiles. The unit includes 2 underground secure parking spaces, and on-site laundry facilities. Transportation is within walking distance, in close proximity to downtown, Petco Park, Hillcrest, Balboa Park, & freeway access. Property Details Property Photos Property Map
10845 Camino Ruiz, San Diego
March 30, 2012 By Leave a Comment
Quiet parklike complex with community jacuzzi, pool, and BBQ’s. This entry level unit is bright & clean in move in ready condition. There is neutral decor throughout with mirrored wardrobes, ceiling fan, in unit laundry closet, large covered patio, and air conditioning. Casa New Salem is in close proximity to library, park, shops, bus line,… Read More
Underwater Home Owners
March 10, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Reaching the highest level of negative equity since the 3rd quarter of 2009, Corelogic released data indicating 11.1 million or 22.8% of homeowners are upside down and 2.5 million had less than 5% equity in their homes at the end of 2011. It is up from 10.7… Read More
Freddie Mac Chief Economist States Foreclosures Will Remain High Throughout 2012
January 6, 2012 By Leave a Comment
Frank Nothaft Freddie’s Chief Economist states that foreclosures will continue to put downward pressure on overall home prices and most likely remain high throughout 2012, although at lower levels than last year. Although he does believe home prices will begin stabilizing in the second half of the year. Nothaft predicts a one-in-four chance that the… Read More
Jumbo Mortgage Delinquency
January 5, 2012 By Leave a Comment
Mortgage Delinquencies Leading To Short Sale & Forecloure
December 13, 2011 By Leave a Comment
2011 Quarter 3 All Mortgages: 4.43% in Foreclosure 8.2% in Default (30 days + late) 12.63% Total Default Prime Mortgages: 2.56% in Foreclosure 4.49% in Default (30 days + late) 7.05% Total Subprime Mortgages: 10.82% in Foreclosure 21.78% in Default (30 days + late) 32.6% Total Default FHA Mortgages: 3.27% in Foreclosure 12.66% in Default (30 days… Read More
Fannie Mae Counts Loan Modifications As A Short Sale
November 2, 2011 By Leave a Comment
Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their payments on time and received a loan mod for their primary residence will… Read More
Short Sale Hardship Letter
October 28, 2011 By Leave a Comment
1st Mortgage Company Name 2nd Mortgage Company Name Date To Whom It May Concern: This letter is an explanation of the circumstances leading to the need for a short sale of the above referenced property. While my intentions have always been honorable, circumstances have arisen in my life affecting our ability to continue with the… Read More
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