San Diego Foreclosure Update
Yesterday, the Federal Reserve said it would flood our economy with $1.2 trillion by purchasing government bonds and mortgage-related securities in an effort to lower borrowing costs for home mortgages.   The effect was immediate, mortgage interest rates fell today in the 4% range.  So home buyers looking for good deals in the foreclosure market can now received rock bottom financing.  Happy house hunting.

San Diego Weekly Foreclosure Lists 

Please click on the link below to receive the latest recorded foreclosures (Notices of Default, Trustee Sales, & Bank Owned) for the week ending 2/27/09.  The lists are searchable by zip code or city by using the find function under the edit pull down menu. If you would like to have the bank owned properties listed on the Multiple Listing Service (MLS) please call me at760-431-8724.   The latest recorded bank owned properties are not being sold until the properties are assigned by the bank to a real estate brokerage firm and listed in MLS.
 

http://www.easyhouserewards.eme01.com/files_landing_page.php

Foreclosure Update
The number of notices of default (NOD) dropped by 58% from August 08 to September 08. This drastic decline in NOD reflects the government’s effort to require lenders to work with distressed borrowers. Lenders are offering better terms to existing borrowers to avoid foreclosure. I have seen lenders drop the loan balance by as much as $250,000 on a $1.5M loan. However, this recent data also represents the fifth straight month decline in NOD and offers support that the San Diego housing market is bottoming out. foreclosures in Oceanside, Carlsbad, San Marcos, Encinitas and Vista are much harder to purchase with multiple bids and overbids the norm.

San Diego Weekly Foreclosure Lists

Please click on the link below to receive the latest recorded foreclosures (Notices of Default, Trustee Sales, & Bank Owned) for the week ending 10/15/08. The lists are searchable by zip code or city by using the find function under the edit pull down menu. If you have any questions please call me at
760-431-8724.

http://www.easyhouserewards.eme01.com/files_landing_page.php

San Diego Foreclosure Update

Foreclosures are on the rise for the first quarter of 2008 which is no surprise. But what is a surprise, home sales have continued to climb. In San Diego County, sales are up 6% from April 08 to May 08. The reason is prices are down 25% from a year ago in May 07. Prices have not been this low since September 2003. Fortunately the job growth in San Diego has remained steady and homes prices are falling to more buyer’s affordability levels.

It will be good news if this trend lasts throughout the summer and fall with lower prices and higher sales. Consumer confidence takes awhile to re-establish, but if the sales numbers continue to climb week by week and month by month, the bottom of the market may not be that far off.

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San Diego Foreclosure Lists

Please click on the link below to receive the latest recorded foreclosures (Notice of Defaults, Trustee Sales, & Bank Owned) for the two weeks ending 6/11/08. For information about Oceanside, Carlsbad, Encinitas, Vista or San Marcos the lists are searchable by zip code or city by using the find function under the edit pull down menu.

http://www.easyhouserewards.com/Foreclosure_List2.html