“Distressed” sellers – often seen as bargain opportunities for house hunters – have not only become a Southern California rarity, but the few homes put on the market are selling briskly. Thankfully for the market's health, foreclosures and short sales are a small part of the housing market these days. Foreclosure News

Too much debt and too many layoffs pushed too many homeowners to the financial brink during the Great Recession. Owners rushed to sell and with bankers hitting the market with their repossessed properties. Foreclosure News