July 18, 2024

San Dieho home forclosuresThree out of every 1,000 homeowners in the United States lost their homes to foreclosure in the first half of the year. That’s up 41% compared to the same period last year, according to the latest numbers from ForeclosureS.com, a California-based real estate investment advisory firm.

These per capita numbers translate to almost a quarter-million residential properties (247,907) that ended up in the hands of banks or lenders this year because homeowners couldn’t get their mortgage default problems solved, according to ForeclosureS. Per capita reflects the number of filings as a percent of the number of households in an area.[tags]foreclosures,real estate bubble,housing bubble,home values,housing market,real estate market[/tags] San Diego condominiums   subprime mortgages    home foreclosures

3 thoughts on “Quarter-million Homes Forclosed in 1st. Half of 2007

  1. Peter Lynch has been quoted as saying the following:
    “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”
    Peter understands this is reality. Do you? Just as there are ups and downs in the stock market, there are ups and downs in the real estate market. Welcome to reality!

    Nancy
    San Diego Plastic Surgery

  2. It’s sad, really sad, because the people that are losing these homes have names and faces. They could be your brother, your sister, your parents. Most of the time, we tend to think that the foreclosures are mainly real estate investors or flippers that are just letting their investment properties go back to the bank, but the reality is there are alot of families living without homes.

    Grace
    San Diego Medical Trials

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