Southern California Mortgage Crisis

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Lower Your Property Taxes

19. June 2009

Most homes have gone down in value in the past 24 months. If your home value was assessed by the county for tax purposes anytime in the past five years, you may be paying property taxes on a value that does not reflect current economic reality. Recognizing this, most counties in Southern California offer a [...]

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The median price for an existing, single-family detached house in California declined 30 percent to $267,570 -CA Assoc. of Realtors [#]
California ranked highest nationally in the overall number of foreclosure filings in May, totaling 92,249, according to RealtyTrac. [#]
Survey by U of Michigan reports 77% of homeowners in West experienced value declines, the nation's highest rate, compared to 51% in South. [#]
As of today, California is imposing a 90-day foreclosure moratorium. It's the California Foreclosure Prevention Act. [#]
The number of foreclosures filed in May was so high as to make May the third highest month on record. [#]

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