Existing Home Sales Decline More than Anticipated
Jan 25th, 2010 by D.J. Rausa
We don’t want to always report bad news here on San Diego Law Today, but statistics simply aren’t good for homeowners, job seekers and the economy in general. The National Association of REALTORS just reported that the number of previously owned, single-family homes, town homes, condos and co-ops fell almost 17 percent in December. The LA Times noted that California has fared better than many states, and that perhaps our housing market may be looking up.
But the truth is that many homeowners in San Diego are still upside-down in their home loans, meaning they owe more than the house is worth. This can cause extra stress to families already struggling to keep up with bills, especially if an adjustable rate mortgage goes into effect and significantly increases the monthly payment.
If you’re struggling to meet your mortgage payments in San Diego, do not hesitate to seek a free consultation from an experienced San Diego bankruptcy firm.
[...] the original: Seek Free Consultation with a San Diego Bankrutpcy Attorney | San … tags: asbestos-insulation, bankruptcy, california, credit, diego, discusses, drunk-driving, [...]
[...] And combine the job loss with other challenges of the economy such as credit card changes and the drop in the housing market, and you’re definitely in trouble. Thus, this “mancession” left plenty of women [...]