Last year, the San Diego housing officials got a surprise, and it was not about managing San Diego foreclosure homes; it was about managing the few hundred rental units in the city. Yes! San Diego has the freedom to withdraw from the public housing program run by the federal government. The truth is that San Diego City has a much bigger problem on its hands, bigger than auctioning San Diego cheap homes. It is suddenly face-to-face with the financial burden of managing these rentals.

In the rising tide of foreclosure, the good news of homeowners in Dallas and other parts of North Texas is that there is a slowdown in the number of Dallas foreclosure homes. However, at the same time, analysts who have been tracking various home loan/mortgage defaults believe that people should not go by these temporary figures as the situation can change for the worse in the coming months. This is just an assumption!

The deepening problems in the housing and mortgage industries have not only resulted to millions of homes in foreclosure. The unfortunate situation has also given birth to thousands of foreclosure counselors, who are working with local governments and non-profit organizations, in order to provide assistance to troubled homeowners facing foreclosure.