Comments on: San Diego Luxury Home Foreclosures

By: Reggy@Foreclosure Cleanup

Reggy@Foreclosure Cleanup — Sun, 07 Feb 2010 14:48:51 +0000

Unfortunately, I don’t see the rate of foreclosures slowing down any time soon.

Steven, foreclosures aren’t necessarily a bad thing, especially for those that bought more house than they could afford.

But remember, there are a large number of home owners who bought homes they could afford, on fixed rate loans, who are now unemployed, or severely under employed. They were responsible home buyers, who through no fault of their own, suddenly aren’t working and can’t afford the house payments. Plus, they can’t find buyers for their house, so they lose it to foreclosure. Those are the people I feel for.
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By: Home Insurance Quotes Blog

Home Insurance Quotes Blog — Fri, 05 Feb 2010 23:55:45 +0000

These price drops are crazy. Definitely a buyers market so long as the drops stop. You can still get burned jumping into a house if its value is going to decrease an additional year.

By: Caitlin Nelson@Self Storage

Caitlin Nelson@Self Storage — Wed, 03 Feb 2010 15:16:15 +0000

Being upside down on your mortgage is a horrible situation. One strategy which people are using to good effect is to rent out their home and downsize to a much smaller place, either leaving the home furnished or putting their excess in storage. For some, it’s been a great way to get through the crisis.

By: Geoff

Geoff — Fri, 22 Jan 2010 20:12:14 +0000

We see more and more upper-end buyers coming back into the market. The optimists are using the opportunity to buy luxury homes in Rancho Santa Fe, La Jolla, and elsewhere at deeply reduced prices.

By: Real Estate Investing Dude

Real Estate Investing Dude — Sun, 10 Jan 2010 21:25:49 +0000

Unfortunately, we still have a long way to go. Not only here in San Diego but throughout the country. We still have to weather all the ARM resets from 2010 through 2012. Don’t be surprised if things get worse before they get better.

By: Nicky@Stop Foreclosure Tampa

Nicky@Stop Foreclosure Tampa — Fri, 18 Dec 2009 01:49:53 +0000

It is the same in Florida. Foreclosures are soaring up to the roof. There is no end yet. A couple of years ago the market was going up, up, up. Then the foreclosure hit and you can get good deals for waterfront properties like never before. Hopefully the end will come soon and the prices are going back. This would help tons of people.

By: Ogden Homes

Ogden Homes — Fri, 27 Nov 2009 21:16:48 +0000

Given the economic situation, the impact of the crisis will always be a barrier for home buyers thus it makes it more difficult for them to decide whether to buy or not. Real estate market in Utah is unpredictable these days, let’s just wait and see.