The Law Office of Michael E. Ripley

Exceeding Expectations

San Diego housing market is less distressed than one year ago

According to San Diego Union Tribune (February 18, 2013), the housing market in San Diego is considerably less distressed than a year ago.  Mortgage defaults in San Diego County are at their lowest level in seven years, and foreclosures are at a six year low.  The article indicates that Notices of Default, the first step in the foreclosure process, saw a 65% drop in December, compared to a year ago, and there was a 78% drop in Notices of Foreclosure.