San Diego Real Estate Blog

Foreclosures in Chula Vista CA

In Chula Vista CA there are hundreds of foreclosures for sale in zip 91910, 91911, 91913, 91914 and 91915. Bank owned properties or REO’s in Chula Vista are filling the San Diego MLS with reduced priced homes. Chula Vista home and condo buyers wanting to buy a home or condo in Chula Vista can take their pick. There are many Chula Vista homes and Keys to your San Diego Foreclosurecondos already foreclosed on by the bank or mortgage holder and many more foreclosures are on the way. We have helped many Chula Vista home buyers buy a foreclosure and most have saved thousands and even tens of thousands buying a foreclosed home or condo.

Buying foreclosures in Chula Vista is easy. As long as you have someone knowledgeable to show you where and what to look for and to help you negotiate the best price and terms you can find your next home at bottom barrel pricing. That’s what we do. We’re Chula Vista Real Estate Experts and can show you bargains you wouldn’t believe are available in Chula Vista. Southern California, especially San Diego County including Chula Vista is one of the most sought after real estate markets to own real estate in. Whether you want a home or condo to live in or invest in we have some deals in this Chula Vista real estate market that are unprecedented. If you’re a first time homebuyer in Chula Vista don’t buy full price let us show you how to buy a foreclosure.

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Foreclosures in Downtown San Diego CA

In Downtown San Diego California there are hundreds of foreclosures for sale. Bank owned properties or REO’s in Downtown San Diego are filling the San Diego MLS with reduced priced Downtown condos. Downtown San Diego home and condo buyers wanting to buy a home or Keys to your San Diego Foreclosurecondo in Downtown San Diego can take their pick. There are many homes and condos already foreclosed on by the bank or mortgage holder and many more foreclosures in Downtown San Diego are on the way. We have helped many San Diegans buy a Downtown foreclosure and most have saved thousands and even tens of thousands buying a foreclosed home or condo.

Buying foreclosures in Downtown San Diego is really easy too. As long as you have someone knowledgeable to show you where and what to look for and to help you negotiate the best price and terms you can find your next home at bottom barrel pricing. That’s what we do. We’re San Diego Real Estate Experts and can show you bargains you wouldn’t believe are available in Downtown San Diego. Southern California, especially San Diego is one of the most sought after real estate markets to own real estate in. Whether you want a home or condo to live in or invest in we have some deals in this Downtown San Diego real estate market that are unprecedented. If you’re a first time homebuyer in San Diego don’t buy full price let us show you how to buy a foreclosure.

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All information is believed to be correct but not guaranteed.

Foreclosures in San Diego CA

In San Diego California there are thousands of foreclosures for sale. Bank owned properties or REO’s in San Diego are filling the San Diego MLS with reduced priced homes. San Diego home and condo buyers wanting to buy a home or condo in San Diego can take their pick. There are many homes and condos already foreclosed on by the bank Keys to your San Diego Foreclosureor mortgage holder and many more foreclosures in San Diego are on the way. We have helped many San Diegans buy a foreclosure and most have saved thousands and even tens of thousands buying a foreclosed home or condo.

Buying foreclosures in San Diego is really easy too. As long as you have someone knowledgeable to show you where and what to look for and to help you negotiate the best price and terms you can find your next home at bottom barrel pricing. That’s what we do. We’re San Diego Real Estate Experts and can show you bargains you wouldn’t believe are available in San Diego. Southern California, especially San Diego is one of the most sought after real estate markets to own real estate in. Whether you want a home or condo to live in or invest in we have some deals in this San Diego real estate market that are unprecedented. If you’re a first time homebuyer in San Diego don’t buy full price let us show you how to buy a foreclosure.

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All information is believed to be correct but not guaranteed.

Exploding Arms

I have to admit the term “Exploding Arms” brings up an apocalyptic picture of loans blowing up and families running for cover. I also think the picture is quite accurate. I was reading an article in CNN Money titled “Foreclosures spike 112% - no end in sight” and the writer used the term “Exploding Arms” in the article. The article is what you might guess it was about from the title, foreclosures and how bad the foreclosure numbers are getting. The article stated that in 2008 there will be $362 billion worth of adjustable rate Adjustable Rate Mortgagemortgages that will reset to much higher interest rates. The term “Exploding Arms” was used to describe the adjustable loans that I pictured sitting like time bombs just waiting to hit their reset date and BAM!!!!  BANG!!!!!! BOOM!!!!!!!!!!!!

It’s kind of like that if you’re the family loosing your home. No there’s no actual shrapnel or loud explosions or body parts flying around … It’s lives that are being torn apart… dreams that are coming to an end …… a slow painful dull sickening feeling in ones gut that has them shell shocked – dazed – confused. What to do from here? What about the kids, what school will they go to once we move? Where will we move? What do we do? I’m ashamed! What will my friends and family think of me? My pride has kept this a secret too long! Now what?

If you know someone who is having there home foreclosed on ask them if there’s anything you can do to help. Many families losing their homes need someone to talk to and usually that’s all. Maybe having them over for dinner or a BBQ and seeing if you can just be there to listen. People losing homes are your neighbors, your friends and your family. Most of them got caught up in the dream of home ownership and things went wrong fast. In the long term this will be a lesson learned and a builder of character and for many a strengthening of Faith. And the American Dream of Home Ownership will be alive and real again.

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Foreclosures and FICO Scores

A Foreclosure will negatively affect your credit and with the large amounts of foreclosures Foreclosures in San Diegoin today’s real estate market avoiding a foreclosure is on many homeowner’s minds. San Diego California has many foreclosures and will continue to see many more bank owned REO’s and foreclosures in the near future. Homeowners that are having trouble making house payments have several options and should always seek legal and tax advice from professionals in those fields. Some of the options if you’re unable to make your mortgage payment are to first call your bank. Consider a short sale or a deed in lieu before the bank foreclosures on your home.

A Short Sale is negotiating with the lien holder a payoff for less than what they are owed for a piece of real estate short of the full debt amount.

A Deed in Lieu is when the owner of a piece of real estate avoids foreclosure by voluntarily surrendering their property by deeding to the lender as satisfaction for the debt. A Deed in Lieu allows the lender to take possession sooner than would be possible through formal foreclosure.

A Foreclosure is when the owner’s right to the property is terminated, usually by default. The property is purchased back by the bank or public auction.

I read an interesting article from First American CREDCO that focused on the impact of a foreclosure on a FICO score. The article states that after collaborating with many various individuals and resources including the three major credit bureaus they have come up with the following information.

Short Sale will bring down your FICO score by 100 Points.

Foreclosure will bring down your FICO score by 280 Points.

The writers of the article I read made it clear that this information is not legal advice and that this information is not intended to be perceived as such. Other lenders I have personally spoken to and information I have read have concluded that a short sale is less destructive on a FICO score or credit report than a foreclosure.

If you are considering the option of a Short Sale in San Diego County please contact us. If you are considering buying or selling real estate in San Diego County we’re here to help. We can also help you buy a San Diego Foreclosure.

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Carlsbad Real Estate 92011 Median Home Price Drops 127K from 2007 Peak

In Carlsbad, Real Estate has not been immune to the housing crisis affecting virtually all of San Diego. Zip code 92011 in Carlsbad 92011 homesCarlsbad North County Coastal San Diego has taken a major dip in median home princes in early 2008. There were 44 homes that sold in January, February and March of 2008 with a median sold price of $742,500. This number is well off the 92011 Carlsbad median home price of $870,000 in 2007. In fact the early 2008 number is $127,500 less than the 2007 median home price. Out of the 44 Carlsbad homes sold the lowest was $360,000 on Bluewater Road was a bank owned foreclosure listed by Excel Properties. The highest priced sold Carlsbad home in 92011 was $1,800,000 on Aviara Drive listed by Prudential.

While doing this report in early May of 2008 there were 25 Carlsbad homes in escrow for Zip 92011. The median list price for those homes in Carlsbad in escrow was $825,000. While doing this Carlsbad Real Estate report there were 131 homes for sale in 92011 in the San Diego MLS. If you’re thinking about buying or selling a home or condo in Carlsbad make sure you call us to find out important information on the Carlsbad Real Estate Market.

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If you’re interested in Carlsbad Real Estate and North County Coastal San Diego Real Estate make sure you contact Dawn Sells San Diego.

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Carlsbad 92010 Real Estate Median Home Price Drops 110K from 2005 Peak

The Median home price in Carlsbad zip code 92010 for the first quarter of 2008 is 92010 Carlsbad Homes$550,000 from the sold homes in SANDICOR. This is $110,000 lower than the peak Carlsbad 92010 median home price of $660,000 in 2005. It is $94,500 less than the median price of 2007 – last year. This drop in median home price is equal to some of the hardest hit areas of San Diego for losing home values. In the first quarter of 2008 which includes January, February, and March and there were 14 homes that sold in that 3 month period. The lowest priced sold home was $275,000 on Don Lorenzo Drive and was a 55+ mobile/manufactured housing. The highest priced sold home was $835,000 on Terrace Place in Calavera Hills.

The homes in escrow while doing this report in early May of 2008 show 14 homes in escrow. The median list price for homes in escrow is $575,000. With homes usually selling below list price in this real estate market these prices show the same low median mark. Some of these Carlsbad homes in escrow are bank foreclosures and short sales. Carlsbad homes currently on the market in the San Diego MLS show 58 homes for sale in the 92010 zip code in early May 2008. If you’re thinking about buying or selling a home or condo in Carlsbad make sure you call us to find out important information on the Carlsbad Real Estate Market.

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If you’re interested in Carlsbad Real Estate and North County Coastal San Diego Real Estate make sure you contact Dawn Sells San Diego.

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All information is believed to be correct but not guaranteed.

Carlsbad Homes 92009 Drop below 2006 Median Price in Early 2008

Homeowners in Carlsbad 92009 enjoyed a nice surge in Carlsbad Median Home Prices2007 median home prices. The median price of a home in Carlsbad in 2007 was $820,000 and in 2006 was $770,000 which was a nice jump of $50,000 in 1 year. Unfortunately this Carlsbad 92009 median home price gain has been reduced to below the 2006 median home price mark.  The median home price in Carlsbad 92009 for the first quarter of 2008 is $760,742 which is $59,258 lower than the 2007 median home price of last year. There were 49 homes that sold in the first 3 months of 2008 and the statistics were taken from SANDICOR. The lowest priced sold home in Carlsbad 92009 was $445,000 and was located on Paseo Del Vista and was a bank owned foreclosure in Carlsbad. The highest priced home sold was $2,495,000 and was located on El Fuerte Street in La Costa Estates.

While doing this report in early May there were 57 Carlsbad homes in escrow for zip code 92009. The median list price for these Carlsbad homes in escrow was $801,760 which is a good sign for this Carlsbad area. Of course the pending and sold comparables are two 92009 Carlsbad Homesdifferent things. In early May 2008 there were 228 Carlsbad homes for sale in the MLS in Zip Code 92009. This is a large amount of inventory and there are good prices for buyers. If you’re thinking about buying or selling a home or condo in Carlsbad make sure you call us to find out important information on the Carlsbad Real Estate Market.

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If you’re interested in Carlsbad Real Estate and North County Coastal San Diego Real Estate make sure you contact Dawn Sells San Diego.

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Carlsbad Homes 92008 Take the Plunge

Homes in many areas of North County Coastal San Diego have enjoyed stable median home Carlsbad Real Estate Plunges in early 2008prices while some parts of San Diego County have felt the pain of the housing crises. Now you can add Carlsbad to the list of the communities in San Diego feeling the pain of dropping home values. The recent median home price in 92008 Carlsbad for the first quarter of 2008 shows a sharp dip and is more than $85,000 less than the 2007 median home price. WOW! This is bad news for North County Coastal San Diego homeowners. The 2007 median home price in Carlsbad 92008 was $735,000 and the median home price for Carlsbad 92008 for quarter 1 is $649,950. The first quarter of 2008 includes January, February and March and in that 3 month period there were 26 homes that closed escrow. The lowest priced home sold in 92008 Carlsbad was $420,000 and was located on Tyler Street in Carlsbad Village. The highest priced sold home was $2,395,000 and was located on Garfield in Old Carlsbad Village.

This report was created in early May of 2008 and at that time there were 27 Carlsbad homes in escrow in zip 92008. The median list price for the homes in escrow was Carlsbad homes 92008$757,000 which is a good sign for the area. The 3 lowest priced homes in escrow are $344,900 located on Althea Lane and this is a foreclosure, $459,900 located on Alondra Way and is also a foreclosure, and $474,900 Located on Ann Drive which is, you guessed it, a foreclosure. Currently in early May 2008 there are 104 Carlsbad homes for sale in zip code 92008. If you’re thinking about buying or selling a home or condo in Carlsbad make sure you call us to find out important information on the Carlsbad Real Estate Market.

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If you’re interested in Carlsbad Real Estate and North County Coastal San Diego Real Estate make sure you contact Dawn Sells San Diego.

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All information is believed to be correct but not guaranteed.

Carmel Valley Homes 92130 Modest Dip Continues into 2008

2008 first quarter shows that homes in Carmel Valley had slightly dropped in median home price compared to the median home price Carmel Valley Homes in 92130in 2007. The 2007 median home price in Carmel Valley was $1,000,000 and in the first quarter of 2008 the median home price is $967,500 from the data taken from SANDICOR. This is a $32,500 drop in median home price for Carmel Valley in North County Coastal San Diego. This is a modest drop in price in comparison to other areas of San Diego County. There were a total of 66 homes that sold in January, February and March of 2008. From the 66 sold Carmel Valley homes the lowest priced sold home was $585,615 and was located on Carmel Springs Way in the Pines while the highest priced home was $3,500,000 located on Meadows Del Mar in Meadows Del Mar.

While doing this report in early May 2008 there were 52 Carmel Valley homes in escrow. The median list price of the 52 Carmel Valley homes in escrow is $964,950. The lowest priced home in escrow is $639,000 located on Carmel Cape in the Pines and the highest priced home in escrow is $2,750,000 located on Three Canyons Point in Del Mar Mesa. In early May 2008 there were 192 Carmel Valley Homes for sale in 92130. If you’re thinking about buying or selling a home or condo in Carmel Valley make sure you call us to find out important information on the Carmel Valley Real Estate Market.

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If you’re interested in Carmel Valley Real Estate and North County Coastal San Diego Real Estate make sure you contact Dawn Sells San Diego.

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All information is believed to be correct but not guaranteed.