Mortgage fraud is becoming more and more common.

To help you protect yourself, Freedie Mac released this video explaining common fraud schemes and how to spot red flags:
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You can now specifically search for foreclosure and distressed properties within the entire San Diego County, from this site.

Instead of searching through the whole database of available listings in San Diego County, this new tool offers you the option to narrow the search results to Short Sales, Foreclosures, Bank owned and other distressed properties.

For your convenience, I have placed a direct link to this new feature on the homepage:  just look for the FORECLOSURES search link at the bottom of the page.

Like every other tool on this website, the foreclosure search wizard is absolutely free.

New and exciting updates are in the works for this website:  in an ongoing effort to make your life easier, I have added a  new Free Value Wizard.

This is a great tool to get a ballpark value: it will show you a bird’s eye view of properties in a defined neighborhood and their respective estimated values.

The accuracy of this tool is within a 10 to 15% range, depending on the neighborhood or  area, simply because property values have fluctuated so much and so quickly over the past year. The values should however become more accurate as home prices stabilize.

For your convenience, I have placed a direct link to this new tool:  just look for the Free Value Wizard link at the bottom of the home page.

If you prefer a more accurate and personalized value estimation of your home, you are still welcome to Request a CMA Valuation, following the link placed right under the link for the Valuation Wizard.

As a side note, the whole ClayMadisen.com werbsite is also in the process of being completely remodeled to be more dynamic, offer more features as well as a more pleasant browsing experience in various browsers running on different platforms;  I will post more updates here as things progress.

Are you having trouble making that mortgage payment? Do you need some guidance finding a way to stay in your home?

Here are some resources and information that can help. http://www.makinghomeaffordable.gov/

http://www.lifecellproject.org

HUD Sec. Shuan Donovan announced at the NAR Summit that FHA will allow the first time home buyer credit to be used for downn payment at closing.