search foreclosed homes in San Diego

Looking back at 2007, and the San Diego foreclosure and REO homes market, the numbers are promising for investors who are looking to get in on San Diego foreclosures and REO, or for those of you who are making a great profit fixing and flipping your San Diego foreclosures and REO's. As good as the opportunities were in 2007, they will become even more plentiful in 2008. So don't be shy, get in on the action now, when inventory is high and the banks are willing to take all reasonable offers.

During 2007, more than 2.2 million foreclosure filings were logged against 1.3 million properties nationwide. Measured activities include default notices, auction sale notices and actual bank repossessions of real property. This is a 75 percent increase over the rate of filings in 2006, a figure that looks even starker when one realizes that 2006 was not a particularly good year for homeowners either. The 2007 figure is 149 percent higher than totals for 2005.

Furthermore more than 1 percent of all U.S. households were in some stage of foreclosure during the year, nearly double the rate .58 rate in 2006.

While the whole year was bad, the month of December was even worse. A total of 215,749 foreclosure filings were reported in that month, up 97 percent from December 2006. This brought the fourth-quarter 2007 total up to 642,150 filings on 527,740 properties. This was an increase of only 1 percent over the third quarter but was 86 percent above the total for the fourth

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