San Diego Business JournalRising Foreclosures Chill an Already Cooled Home-Buying MarketSan Diego Business Journal, CA - 59 minutes agoThe Riverside and San Bernardino regions saw a 49.9 percent decrease and Orange County a 21.7 percent decrease for the same period. …
Rising Foreclosures Chill an Already Cooled Home-Buying Market – San Diego Business Journal
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I work for a foreclosure site and have seen a huge increase in the number of foreclosures in the past 7 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low… in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.