Stonebridge falls into the category of higher probability of higher foreclosures. Scripps is one of several communities that has mixed components. IMO Stonebridge has the highest probability of failure in Scripps because it is the newest and most overpriced in 2004-2006. Similarly the properties that sit on top of 15 are about 4-6 years older.. The next step down are the homes west of Stonebridge but north of Spring Canyon… What is in common here? A newer home which translates to a lower equity stake. To me this sort of housing demographic is what will be the primary component of foreclosure in the more desireable areas. Whether it is Scripps, Sabre Springs,`Carmel Valley, 4S…
