Alabama Second Home Mortgage
Alaska Second Home Mortgage
Arizona Second Home Mortgage
Arkansas Second Home Mortgage
California Second Home Mortgage
Colorado Second Home Mortgage
Connecticut Second Home Mortgage
Delaware Second Home Mortgage
Florida Second Home Mortgage
Georgia Second Home Mortgage
Hawaii Second Home Mortgage
Idaho Second Home Mortgage
Illinois Second Home Mortgage
Indiana Second Home Mortgage
Iowa Second Home Mortgage
Kansas Second Home Mortgage
Kentucky Second Home Mortgage
Louisiana Second Home Mortgage
Maine Second Home Mortgage
Maryland Second Home Mortgage
Massachusetts Second Home Mortgage
Michigan Second Home Mortgage
Minnesota Second Home Mortgage
Mississippi Second Home Mortgage
Missouri Second Home Mortgage
Montana Second Home Mortgage
Nebraska Second Home Mortgage
Nevada Second Home Mortgage
New Hampshire Second Home Mortgage
New Jersey Second Home Mortgage
New Mexico Second Home Mortgage
New York Second Home Mortgage
North Carolina Second Home Mortgage
North Dakota Second Home Mortgage
Ohio Second Home Mortgage
Oklahoma Second Home Mortgage
Oregon Second Home Mortgage
Pennsylvania Second Home Mortgage
Rhode Island Second Home Mortgage
South Carolina Second Home Mortgage
South Dakota Second Home Mortgage
Tennessee Second Home Mortgage
Texas Second Home Mortgage
Utah Second Home Mortgage
Vermont Second Home Mortgage
Virginia Second Home Mortgage
Washington Second Home Mortgage
Washington DC Second Home Mortgage
West Virginia Second Home Mortgage
Wisconsin Second Home Mortgage
Wyoming Second Home Mortgage

Foreclosures in San Diego County

The San Diego Union Tribune has a front page story this morning (Sunday, August 5th) about the increasing rate of mortgage defaults and the implications for homeowners in the San Diego area. While default rates are skyrocketing — as they are across the country — the current rate of defaulted homes on the market is only around 10%. Certainly, this represents a marked increase versus last year, however, it’s well off the peak of 15% which was reached twice during the 1990s. As we have yet to see the trough of defaults (or apex, depending on which perspective you’re viewing the market), it makes sense for potential home buyers to wait and observe the extent of the damage. According to the experts quoted in the article, the current defaults have not yet impacted the market strongly enough to allow widespread value. Homes are still selling for market price and without any significant discounts. While a couple of homeowners have found diamonds in the rough, this is still a rare phenomenon in San Diego County. If default/re-listed homes reach 20-30% of the market then it’s likely significant value will be seen. San Diego Foreclosures

Second Home Mortgage