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Foreclosure signs, like this one in Rio Vista, are common in the Sacramento area. Foreclosures have risen in the past two quarters in the eight-county capital region as well as across the state. Defaults, however, have declined. Full Article at Sacramento Bee
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Foreclosures fell slightly in San Diego County last month but defaults rose a bit, a sign that lenders continue to wrestle with beleaguered homeowners who can't afford their mortgages. Full Article at San Diego Union-Tribune
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This feature lets you search our site for stories with related terms. Just click on one of the related terms atop a news story and you'll get a page listing all the stories featuring that term. See something amiss? Full Article at San Diego Union-Tribune
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2009 will be another record year for NODs. Lenders have change policies and are trying to modify more mortgages. 2006 was a toxic lending year (probably because that was when house prices peaked or were starting to fall). Full Article at Calculated Risk
Related Quotes
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We're not seeing the normal flow that has been the norm for a couple years ... There's been intervention by government, self-imposed (foreclosure) moratoriums, and servicers and lenders are being overwhelmed.
SOURCE: Sacramento Bee -
There's a batch of truly nasty loans that were made in mid-2006 ... There's another batch made in late 2006. These are worse than the month before and after, and it's taking a long time to process them.
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What concerns me is how much distress is stacking up out there that has not entered the foreclosure system at all
SOURCE: San Diego Union-Tribune -
Anything under $300,000 that is decent within hours has dozens of offers
SOURCE: Wall Street Journal
