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Home > Upside-Down Mortgage

MORTGAGE DELINQUENCIES AND FORECLOSURES ARE RISING, A WORRISOME SIGN

June 11, 2026 by mthomas

Foreclosure inventory just hit a six-year high, and experts say the borrowers who stretched to buy homes in 2022 and beyond are falling behind the fastest. From her office in Painesville, Ohio, just north of Cleveland, Patricia Kidd has a front-row seat for the ups and downs of the housing market. The area was often considered the ground zero of the 2010s foreclosure crisis, but since then, Continue Reading

FORECLOSURE AND EMPLOYMENT TRENDS SIGNAL HOUSING RISK

June 7, 2026 by mthomas

County-level data reveals where market conditions may be most vulnerable to future price declines Housing market risk remained concentrated in parts of Florida and California during the first quarter of 2026, according to ATTOM's latest Housing Risk Report, which found that unemployment and foreclosure activity were the strongest indicators of vulnerability among U.S. housing markets. The 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.

DRE# 01396530 NMLS# 349714

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California Lending & Realty

3940 Hancock Street, Suite 109
San Diego, CA 92110

(619) 286-9400
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