The Law Office of Michael E. Ripley

Exceeding Expectations

Foreclosures and Defaults in SD County at an 8 Year Low

According to the San Diego Union Tribune newspaper (January 4, 2014), foreclosures and defaults in San Diego County have decreased to an eight year low at the end of 2013. The article estimates that there will be between 150 and 200 foreclosures each month in the coming months, as the economy improves and house prices rise. In November, the median price for a house in San Diego was $415,000.00, an increase of $2,500.00 from three months before.