The San Diego Union Tribune - "Seller financing has many caveats" (7-29-07)

"Variously known as 'taking back a mortgage' or 'holding the paper,' private financing is often heralded as the easiest and fastest way to sell a house, especially in a slow market. Of course, if you need the proceeds from the sale of one house to purchase another, assisting with financing may not be the way to go. But even in that scenario, it may be worth considering, especially if you can line up an investor to take the note off your hands."

The San Diego Union Tribune - "A disquieting loss" (7-29-07)

"For some home sellers, putting up a for-sale sign is getting to be a costly exercise. In its latest price report, DataQuick Information Systems found nearly 17 percent of homes sold in the county last month closed escrow at a price less than the previous sale. That's way up from 2.7 percent a year ago. The median difference in price was $61,000."

The Press Enterprise - "Foreclosures flood Inland housing market" (7-29-07)

"Mortgage default notices in the Inland region have almost tripled since last year. Home foreclosures have increased almost eightfold. And home sales last month were the worst in a decade. Real-estate experts and economists say today's housing woes might be just the beginning of trouble. In the past six months, almost 22,000 Inland homeowners received notices of default, the first step a lender takes to foreclose on a property. During those same months, 6,367 homes were taken through foreclosure."