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Home > Avoid Foreclosure

MORE SAN DIEGO HOMEOWNERS FACE NEGATIVE EQUITY AS HOUSE PRICES FALL

December 15, 2025 by mthomas

An increasing number of homeowners in San Diego and nationwide are facing “negative equity” because of falling home prices coupled with low down payments, according to the latest Cotality Home Equity Report. Irvine-based Cotality, the real estate data company formerly known as CoreLogic, said 0.6% of San Diego homeowners had negative equity in the third quarter, an increase of 0.14 Continue Reading

U.S. FORECLOSURE ACTIVITY POSTS EIGHTH STRAIGHT MONTH OF YEAR-OVER-YEAR INCREASES

November 25, 2025 by mthomas

Foreclosure Starts Up 20 Percent Year Over Year; Completed Foreclosures Up 32 Percent Year Over Year IRVINE, Calif., Nov. 13, 2025 /PRNewswire/ -- ATTOM, a leading curator of land, property data, and real estate analytics, today released its October 2025 U.S. Foreclosure Market Report, which shows there were a total of 36,766 U.S. properties Continue Reading

Nearly 900,000 homeowners are underwater on their mortgage as home prices fall, signaling a worrying turn in the housing market.

November 14, 2025 by mthomas

That figure represents 1.6% of all mortgage holders in the U.S. While the share may seem like a small part of the overall market, it’s also the highest rate in three years, according to a new report by Intercontinental Exchange As existing-home sales remain on track to hit a 30-year low, home prices are losing steam due to years of tepid demand from home buyers. A homeowner is underwater on Continue Reading

FORECLOSURES, REPOSSESSIONS RISING AFTER PANDEMIC-ERA LOWS

October 13, 2025 by mthomas

Bank repossession of homes has increased 33% from a year ago while foreclosure filings are up 17%, a new ATTOM report finds. After dipping to historic lows during the pandemic thanks to economic relief programs and a massive injection of stimulus funds, foreclosure starts and lender repossessions appear to be back on the rise in a meaningful way, according to a new report from ATTOM. Some of Continue Reading

HOW TO GET A MORTGAGE AFTER A SHORT SALE

June 19, 2025 by mthomas

Quick Answer If you have a short sale in your credit history, you may need to wait two to four years before you can qualify for a new mortgage. In the meantime, you can rebuild your credit, have a steady income and save for a bigger down payment. If you sell your home through a short sale, you may have to satisfy a waiting period before qualifying for a new mortgage. The length of that Continue Reading

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Michael Thomas

Michael Thomas is one of the leading real estate brokers in San Diego, California. He is endorsed by the National Association of Realtors as a Seller Representative Specialist, Accredited Buyer Representative, as well as Short Sale & Foreclosure Certified. As a lifelong resident of San Diego with a Master’s Degree in Business Administration, he’s uniquely qualified to help San Diegans achieve their real estate goals.

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California Lending & Realty

3940 Hancock Street, Suite 109
San Diego, CA 92110

(619) 286-9400
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