SAN DIEGO -- Empty homes, for-sale signs and the term "short sale" have become commonplace in this military town since the collapse of the real estate market. The foreclosure crisis has hit Southern California hard, profoundly affecting the region's military families.
Foreclosures rose 32 percent in ZIP codes near military towns over the last three years, from 2008 to 2010, compared with 23 percent nationwide, said Rick Sharga, senior vice president of RealtyTrac in Irvine, Calif.
Eight Southern California cities ranked among the top 20 towns near military bases with the nation's highest foreclosure rates in 2010, according to RealtyTrac. Half of those -- Murrieta, San Diego, Oceanside and Fallbrook -- are by Camp Pendleton, the Marine Corps base.