I am just east of Temecula in Anza.
We live in an HOA, 1050 lots half with homes. I am on the board and we have 10 lots / 30 homes in foreclosure.
Of course they are the ones with 100% financing, so they could not even sell to get their mortgages paid off. Most of the people are mortified that this has happened, and many are furious that they could have been so stupid. However, we have a few that blame everyone else.
Best thing they can do now is just claim bankruptcy and move on. Hard lessons learned. (Biting and chewing, eggs and baskets, murphy’s law).