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Military

Foreclosures Hit Military Towns Big Time

Southern California's military towns - like Fallbrook, Oceanside, and (of course) San Diego - are littered with foreclosure signs on the lawns of empty houses, according to an investigative article by the Sacramento Bee. In the last three years, the Bee reports, foreclosures in military zip codes jumped 32 percent. RealtyTrac senior V.P Rick Sharga told the Bee many military families got caught in the housing bubble's game of musical chairs because they bought at the height of the market as first-time home purchasers.

The Los Angeles-based National Veterans Foundation's Tyrone Ballesteros also blames banks' predatory lending practices for the problem:

Did you buy at the height of the market? Have credit unions been helpful at all in letting you refinance?

A big decision awaits some voters this July as the race for San Diego County’s Supervisor District 1 seat heats up. Are you ready to vote? Check out the KPBS Voter Hub to learn about the candidates, the key issues the board is facing and how you can make your voice heard.