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Short Sale News

San Diego County Home Sales Fall; Median Home Prices Show Increase

Home sales in San Diego County fell by 17.5 percent in December from a year ago, while the median home price in the region increased by 14.8 percent, to $420,000, DataQuick, a San Diego-based real estate information service, reported today. … Continue reading


HUD Launches Distressed Asset Stabilization Program

The U.S. Department of Housing and Urban Development (HUD) has announced the launch of the Distressed Asset Stabilization Program, an expansion of a Federal Housing Administration (FHA) pilot program that allows private investors to purchase pools of mortgages headed for … Continue reading

Short Sale San Diego Mortgage Rates

Mortgage Rates Lowest Since February

Mortgages Rates are back to their lowest levels since February.  For an increasing number of lenders, current rates begin to shift the balance towards 3.875% as being the only Best-Execution Rate for Conventional 30yr Fixed Loans. Best-Ex is currently shared by … Continue reading

Fannie Mae and Freddie Mac Aid Over 2.4 Million with Stopping Foreclosure

Fannie Mae and Freddie Mac completed more than 129,000 foreclosure prevention actions in the second quarter of 2012, bringing the total foreclosure prevention actions to 2.4 million since the start of conservatorship in 2008 with 1.2 million of those actions … Continue reading

SHORT SALE: IRS decree upheld at state level

Dec. 06 — California families who lost their homes in a short sale will not be subject to state income tax liability on debt forgiveness after the Mortgage Forgiveness Debt Relief Act of 2007 expires at the end of this … Continue reading

Fannie Mae and Freddie Mac Short Sale

Fannie Mae, Freddie Mac to adopt new short-sale rules

Fannie Mae and Freddie Mac are adopting new guidelines to streamline the process for short sales, which most real estate observers expect will outpace foreclosures in the coming year. The guidelines, required by the Federal Housing Finance Agency and effective … Continue reading

Downtown San Diego Listings for Sale

New Downtown San Diego Short Sale Listings

Check out some of the new downtown San Diego short sale condo’s. You can also see some of the new Little Italy short sales for sale.          


A Hard Look at Impact from San Diego’s Foreclosure Crisis

During the housing bubble (2000 to 2006) San Diego County averaged about 19 thousand default notices annually. Over the last four years that number has gone up by a factor of nearly 6, to over 109,000. The biggest single year … Continue reading


Chase VP wants short sales closed in 30 days or less

During a HousingWire webinar called “Short Sale Process with Chase Bank,” vice president of short sales Bill Carr declared the lender is looking to close short sales in less than 30 days. “We are doing everything we can to avoid foreclosure,” Carr … Continue reading