Monday, December 11, 2006

San Diego Short Sales

UNION-TRIBUNE STAFF WRITER

December 11, 2006



In a sign that San Diego County's once-soaring housing market has returned to earth, analysts say the number of homeowners seeking mortgage debt forgiveness is on the rise.

Such transactions, designed to prevent defaults, often are called “short sales.” They occur when home prices fall and mortgage debt exceeds the value of the property. If the lender agrees, homeowners can sell the depreciated homes and settle their debts for reduced sums."

Full article...

1 Comments:

Blogger AnalysisGuy said...

Today’s FREE report on Miami has been released! Tomorrow I’ll release both the Las Vegas & San Diego reports. They will joins prior Q3:2006 reports on Boston, Bakersfield, Chicago, Denver, San Francisco, Seattle & Los Angeles.
thebubblebuster.com

Wednesday, December 13, 2006 3:43:00 PM  

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