Foreclosure Articles California Foreclosure Activity Reaches Two Year High Make Money with Foreclosure Houses Make $53,000 a year with HUD pre-foreclosure houses. Only $10 of your own money is needed to secure deals. Guaranteed. Property appreciation rates in California have long been anemic to the national and other regional markets. Residents have enjoyed the meteoric rise in the value of their equity with little to no property improvements required. However, lenders sent 18,668 default notices to California homeowners during the January-to-March period. That was up 23.4 percent from the prior quarter and up 28.7 percent from 2005's first quarter, according to DataQuick Information Systems. Clearly, the landscape is changing. Home sales and price increases have recently slowed. Home inventories are growing and builders are lowering their projections. Several large employers have closed shop and sent jobs elsewhere. Interest rates have risen sharply in the last two years and rising credit standards are causing money to become tighter. HUD Foreclosure Quick Search Online Foreclosure Database. Find REO property in the area you desire. Consumer debt has outpaced growth in personal income. Creative mortgage programs with 1% teaser rates signed a couple of years ago now see 55% increases in monthly payments that drive many over the brink of financial disaster. It is highly likely that the default rates in California will continue to rise dramatically in the next 18 months as these and other factors come into play. A small percentage of residents have seen the writing on the wall and have taken corrective actions such as locking in rates or selling the homes they can no longer afford. HUD Homes: For a List Click Here! Search online from over 100,000 bank foreclosures & homeowners in distress nationwide. From $5,000 to $500,000 with no money down. However, many remain in denial that the magic of seemingly never ending value appreciations in the state will enable them to live off their home equity forever. Undoubtedly, some will reach a point where there is no equity remaining to either refinance to the next greatest mortgage product or to extract more cash on which to live. HUD Foreclosure $35 only. SeizedRealEstate has sources for foreclosures auctions direct from banks and government. Real estate is cyclical everywhere and the fallout in California will be something that only time will tell. Gerald G. Justice is CEO of JP Investment Holdings LLC, with offices in San Clemente, California and Las Vegas, Nevada. The firm primarily invests in residential real property with a particular emphasis on financial distress situations. For more information, visit our website, http://www.ocforeclosurehelp.com, or receive 24 hour recorded info at (949) 963-9021.