Many people know the Central Valley in California is the foreclosure capital of the nation, currently. You can go down any block and see REO properties left and right and can tell they are such by the front lawn. In this area, almost 40% of the loans that were made two years ago are in some stage of the foreclosure process.
I have seen a few news articles that show that the turnout to the foreclosure workshops have been larger than expected. Having been through a foreclosure in the past, I know that this process is a very stressful situation that families are going through. The fact families are wanting to learn about how to prevent foreclosures is good, and I would strongly recommend attending one of these workshops as a consumer if you are in a situation like this.
The radio stations in the area are recommending to people just walk away from their homes and try to find somewhere else to live rather than doing a short sale or trying to work something out to the bank. People are listening to this advice and in some situations this may be the best thing to do, but at least people can find out about the alternatives to this.
For more information contact:
Matthew Zgonc
209-614-3103
www.buysellmodesto.com
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