Default Research is reporting today that foreclosures are up in Southern California. Apparently Sunny San Diego has the highest rate – and interestingly also has some of the most expensive homes in the country.
Last year, I had the pleasure of going to San Diego for the annual convention of the National Association of Consumer Bankruptcy Attorneys. I stayed an extra day to check out the local scene (and of course, go to their zoo), and discovered that the price for fairly modest homes in the area started at around $750,000.
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