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Another Record Month for Foreclosures
 The month of April saw 3,601 default notices and 1,512 trustee sale notices. The former indicate homeowners who've been put on notice for mortgage delinquency; the latter are sent to owners about to have their homes repossessed. Both are at all-time records.
The graph to the right presents a long-term look at such filings. To account for San Diego's growth over the years, default notices and trustee sales notices (NODs and NOTs) are calculated as a percentage of San Diego's labor force. Even after this adjustment, the graph makes clear that the current pace of foreclosure activity is leaving that of the 1990s housing downturn in the dust.
This record-breaking foreclosure activity is precisely what I was talking about last week when I noted that there is an important distinction between "want-to-sell" and "must-sell" inventory.
-- RICH TOSCANO
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CEO of Barrio Logan charter schools talks about terminating employees.
Friday, July 25 -- 4:54 pm
The fired SEDC prez had been silent, but opens up to the business paper.
Friday, July 25 -- 5:19 pm
Fred Maas calls for 'fact-finding mission' on departed president's involvement in 7th and Market project.
Friday, July 25 -- 3:21 pm
SURVIVAL IN SAN DIEGO
She's getting some deserved vacation, but will be back soon.
Wednesday, July 23 -- 4:13 pm
LETTERS TO THE EDITOR
The SEDC and the PDP mess and all that surrounds it is the best reading I've had in a while.
Friday, July 25 -- 11:14 am
CAFÉ SAN DIEGO
Does this mean that even after two years of strong mayor, we continue to harbor waste, fraud and abuse in our system?
Friday, July 25 -- 1:23 pm
COMMENTARY: SLOP
The cop whose dog died in his hot car had just sued for, and won, a boost in his retirement checks for taking care of his canine partners.
Friday, July 25 -- 5:21 pm
COMMENTARY: RICH TOSCANO
June made for another record-setting month in San Diego foreclosure activity.
Tuesday, July 22 -- 12:34 pm
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This Just In
School board member proposes canceling all teacher layoffs, even for teachers who have already been rehired. » Dec. 4 -- 9:30 am
Mayor says he didn't want to issue veto, but had to because city attorney failed to issue an opinion on legality of council vote.
Dec. 3 -- 8:22 pm
Announcing our first ever high-school essay contest.
Dec. 3 -- 6:12 pm
SURVIVAL IN SAN DIEGO
'At this point, if we lose it, we know it wasn’t to be.'
Dec. 3 -- 10:43 am
LETTERS TO THE EDITOR
Former U.S. Attorney's tenure was marked by unsubstantiated prosecutions and failure to protect the border.
Dec. 3 -- 6:37 pm
CAFÉ SAN DIEGO
Considering the potential gains, would $2.50 per gallon for gas be that bad?
Dec. 2 -- 4:49 pm
COMMENTARY: SLOP
The city will have to deal with a lingering gambling problem.
Dec. 3 -- 4:05 pm
COMMENTARY: RICH TOSCANO
Past recessionary patterns indicate that San Diego unemployment could climb for quite a while yet.
Dec. 2 -- 9:19 pm
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