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Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
In November 2008, The New York Times reported that Mountain House was the "most underwater community in America" – the ZIP code with the highest amount of negative equity on its homes. [17] With home values decreasing across the nation, Mountain House was described as the worst-hit, with 90% of its homes worth less than the amount their ...
Mountain Home, also known as Casa Loma (Spanish for "Mountain Home"), is a sparsely populated area located on the eastern side of the Santa Cruz Mountains in unincorporated southwest Santa Clara County, California near Mount Chual and Rancho Canada del Oro Open Space Preserves. The Loma Fire burned about one half of the region in 2016.
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