2007-12-13 13:46:39 · 3 answers · asked by Anonymous in Travel ➔ United States ➔ San Diego
Bad. The entire San Diego county area is not doing real well right now.
2007-12-15 11:44:20 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Every part of San Diego hasdifferent rates of forclosure. In general, the more expensive areas tend to have less than the poorer areas. This is because people that had the money to purchase in nicer areas are less likely to run into financial problems that would lead to forclosure. They were also more likely to get good advice and purchase within thier means, and with good loans. That being said, Chula Vistas rates are extremely high, Eastlake and downtown are above normal, but not as bad. The values in all these areas are dropping which hurts the chances of people refinancing to avoid forclosure in the future.
2007-12-17 10:23:19 · answer #2 · answered by Ron B 3 · 0⤊ 0⤋
Rates are much higher than last year but still a very small percentage of home loans. Recent San Diego Union Tribune article says one home in 230 is in foreclosure, which is less than one half of one percent.
Of course, if it's your house that's in forclosure, it would be one too many.
2007-12-13 20:30:48 · answer #3 · answered by Pat D 4 · 0⤊ 2⤋