The Law Office of Michael E. Ripley

Exceeding Expectations

Foreclosures and Default Notices in SD County Have Dropped

An article in the Union Tribune newspaper (January 22, 2014) states that foreclosures and default notices in 2013 have dropped to their lowest levels in San Diego County since 2006.  There were 6,300 default notices in 2013 and 2,400 of those properties were repossessed.  Due to home values continuing to increase, this causes the amount of homes that go into default or that are foreclosed on to decrease.