San Diego Mortgage Default Trends & How Elixir Can Help You Recover

The Current Landscape: Market Cooling & Low Default Activity

San Diego's housing market is showing signs of cooling. Median home prices have dropped ~1.5% year-over-year, with homes selling in 39 days on average. Redfin In June 2025, the median sale price in San Diego County was $917,500 - down ~3.3% from the previous year. NBC 7 San Diego

Despite rate pressures, default and foreclosure activity here remain relatively muted. Foreclosure filings in the U.S. are rising month-to-month but have declined ~1.7% year-over-year. National Mortgage Professional The U.S. single-family mortgage delinquency rate was 1.79% in the second quarter of 2025, per FRED data. FRED

In San Diego County, notices of default remain lower than peak levels, and many homeowners hold significant equity that buffers them from full foreclosure. mctrealestategroup.com

So, what does this mean for someone who is behind or has damaged credit? The time to act is now, not later.

Why Defaults Happen (and How to Avoid Them)

• Rising interest rates push monthly payments higher

• Loss of income (job loss, medical issues) undermines cash flow

• Over-leveraging or too much debt relative to income

  Verify my mortgage eligibility (Oct 9th, 2025)

• Using equity or reserves without a plan

Defaults often start small - missing one or two payments - and then snowball if not addressed early. The national 30 - 89 day delinquency rate is a key early warning sign. Consumer Financial Protection Bureau

Understanding these pressures allows borrowers to intervene before things get worse.

Elixir's Recovery & Prevention Strategies

If you’re behind or your credit has taken a hit, here are robust solutions we provide:

1. Reinstatement / Cure Default

Bring your account current by paying back missed payments and fees. In many areas, this must be done before foreclosure auction dates.

2. Loan Modification or Refinance

Adjust your loan's interest rate, term, or even principal balance. We tailor plans for lower payments or partial forgiveness.

3. Forbearance / Payment Deferral

Temporarily reduce or pause monthly payments while you stabilize. We negotiate terms based on your income path forward.

4. Short Sale or Deed in Lieu

When equity is minimal, you may surrender the property in a controlled way to avoid full foreclosure.

5. Alternative / Non-QM Loans

We structure options (DSCR, hard money, stated-income) that don't rely strictly on credit profile if your credit is damaged.

6. Strategic Default (CA Non-Recourse)

In California, a default is "non-recourse" for primary residences. You may walk away (i.e. give keys back) without banks suing for deficiency. San Diego Legal Pros This is a serious step and must be handled carefully.

How Elixir Helps You Step by Step

Step A: Diagnostic Call
We listen to your situation, analyze your mortgage, and map possible paths.

Step B: Loss Mitigation Plan
We propose options - modification, refinance, or alternative loan programs - based on your equity and income support.

Step C: Application & Negotiation
We manage the paperwork, engage the servicer, and negotiate terms on your behalf.

Step D: Close & Recover
We finalize the solution, confirm terms, and help you get back on track.

We also provide education, credit-repair referrals, and ongoing check-ins to ensure you don't slip again.

Why Elixir is the Right Partner

• Deep knowledge of San Diego's local housing, court, and foreclosure timelines

• Hands-on structuring of non-QM, DSCR, hard money, and bridge loans

• Transparent process, no hidden fees, and full support

  Verify my mortgage eligibility (Oct 9th, 2025)

• Recognized in California & Florida with licensing and compliance integrity

If you've fallen behind, don't wait. We can help you assess your position, explore your options, and take the right path toward financial recovery.

📞 Call 800.558.0496 or visit ElixirMortgageLending.com
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