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The Effect of the Home Affordable Modification Program on San DiegoCategory: Real Estate | Permalink Published: Friday, October 16, 2009 More and more San Diego homeowners are continuing to fail to make their mortgage payments, fortunately banks are not forcing the sale of their homes in the midst of the homeowners trying to work out loan modifications. This slowing in foreclosures is truly great news for homeowners that are currently falling behind on their loan payments. However, this is pretty bad news for people that are currently shopping for a home. Basically, this decline in foreclosures has strained our current supply of homes for sale. With the Obama administration's Home Affordable Modification Program, banks have been under extreme pressure to modify loans on San Diego foreclosures. So even though the banks seem to be filling notices of default far more rapidly than they have in the past, foreclosures are seemingly moving more slowly than they ever have to give homeowners a chance to save their homes. As a buyer in search of your next Chula Vista home or your new Chula Vista dream home, it is important that you act now. The deals you can find on the market now are deals you are more than likely to never see again in the years to come. For a complete and up to date listing of current Chula Vista and San Diego foreclosures, be sure to visit www.ForeclosureSearchChulaVista.com today. You can find photos, property descriptions, directions and community profiles of the home or homes in which you are interested in. Be sure to check out Foreclosure Search Chula Vista today or Google us!
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