Home Foreclosures Likely to Rise
Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures. Read more 
Real Estate Foreclosures
real estate foreclosures
Real estate foreclosures — According a report by RealtyTrac, one out of every 9 homes in Las Vegas received some kind of default notice in 2010. But there is some good news: The foreclosure rate is actually dropping in Vegas, down 7% compared to the end of 2009. In fact, rates fell in all top 10 foreclosure markets of 2010. Read more
Homeowners – ‘Strategic Defaulters’ Skip Mortgage Payments
As part of his continuing series of reports making sense of economic news, Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them.
San Diego real estate attorneys
Home Foreclosures … New Government Plan?
San Diego California Home Sellers Lose Big
MDA DataQuick .. Real estate research firm reported about two-thirds of property owners who sold homes in San Diego County this summer lost money. The average loss was $161,000, or 35.5% less than the home had sold for previously.
DataQuick's report also said of the 4,318 homes sold between June 22-Aug. 22… 2,624 or 62.7% were sold at a loss. Many of the sales were foreclosures. Losses on foreclosures running 39% off the previous sale price, compared with a 27% loss for nonforeclosures.
In some San Diego zip codes, foreclosures amounted to nearly 90% of all sales. Many of the other sales were short sales. San Diego CA real estate agents