The Law Office of Michael E. Ripley

Exceeding Expectations

Defaults on Home Loans in San Diego County Are at Their Lowest Since 2006

According to the Union Tribune Newspaper (July 24, 2013) defaults in San Diego County on home loans are at their lowest level since 2006. Also, foreclosures totaled 1,490 for the first half of the year, which is the lowest since 2006 as well. This is due, according to the article, in part to the fact that home prices have now risen to 5 1/2 year high.