Distressed San Diego homeowners must have exhaled a collective sigh of relief when they heard that the Mortgage Debt Relief tax provisions had been saved from going over the cliff. Without this save, huge tax burdens could be heaped on already-distressed San Diego homeowners who are working out loan modifications, executing short sales or going through foreclosure.
by Roberta Murphy *REO’s and *foreclosure flips are often some of the best buys in the San Diego real estate market. Many have been repaired and updated and are priced to sell quickly. Unfortunately, these bargains attract hungry buyers and investors who are bidding against each other–often pushing right through the listing price–especially when rental
Many times during the last five years, we have heard sad stories from tenants who rented a property that was actually in foreclosure. They had paid a deposit (and often a pet deposit) and rent to the owner, only to discover after moving in that the house had been or was going into foreclosure. Some
by: Roberta Murphy San Diego real estate news isn’t all that bad. Sales of single family resale homes rose for the fifth month in a row, gaining around 40 percent in November, 2008 compared to the same month last year. And compared to 2007, San Diego area home sales for 2008 are up 8.2 percent.