Released on = January 25, 2007, 8:49 pm

Press Release Author = Corey Wick

Industry = Real Estate

Press Release Summary = As Market Adjusts, More Ventura County Homeowners Miss Their
Payments

Press Release Body = Recently, default notices on homes and condos have increased in
Ventura County. Simi Valley, Moorpark, Thousand Oaks, Westlak Village, Ventura and
Oxnard are reporting mortgage defaults at a soaring rate compared with last year.

With an increase of 204 percent in the 4th quarter of 2006, Ventura County sot past
a historical average to the highest level in over 8 years.

The first step in a lengthy foreclosure process is a notice of default. There were
794 defaults issued to homeowners during October thru December, up from 361 in 2005.

Santa Barbara County reported a 259 percent increase compared to Ventura County\'s
204. San Bernadino and Orange County shared a 140 percent increase.

Economists predict the Fed will start cutting rates to stimulate refinancing and
spark the economy. \"I think it is surprising to both homeowners as well as the
economists\" says Corey Wick, Ventura County Real Estate Consultant for RE/MAX Olson
& Associates. \"When rates drop for home buyers, it will give the market a little
kick, but I think people need to be educated about their loan program before they
get into a steep payment.\"

For Free Local Real Estate Information, contact Corey R. Wick, RE/MAX Olson &
Associates.

Visit the area\'s most trusted websites for Real Estate & Mortgage Information:

101HOMESEARCH.COM
ABOUTMOORPARK.COM
ABOUTMOORPARK.NET
ABOUTSIMIVALLEY.COM
BAKERSFILED-MLS.COM
BIGSKYFINANCING.COM
COREYWICK.COM
MOORPARKESTATES.COM
MOORPARKHOMEVALUES.COM
MERIDIAN-HILLS.COM
MOORPARKHOMES.NET
MOORPARK-MLS.COM
MOORPARKSIMIVALLEY.COM
MOORPARKREALESTATE.INFO
MOORPARKLENDING.COM
MOORPARKMORTGAGES.COM
ONLINEVIRTUALAGENT.COM
OXNARD-MLS.COM
RIVERPARKOXNARD.COM
SHOWCASEAGENT.COM
SIMI-VALLEY-HOME-FOR-SALE.COM
SIMIVALLEY-MLS.COM
SIMIVALLEYHOMEFINDER.NET
SIMIVALLEY-WOODRANCH.COM
THOUSANDOAKS-HOMES.COM
THOUSANDOAKS-MLS.COM
VENTURA101.COM
VENTURA-HOME-SEARCH.COM
VENTURACOUNTY-MLS.COM
VENTURAMLS.NET
WESTLAKEMLS.COM
NEWBURYPARK.US


Web Site = http://www.SimiValley.com

Contact Details = RE/MAX Olson & Associates
530 E. New Los Angeles Ave. #201
Moorpark, CA 93021