california real estate market: California Sunshine and a Year of FREE Living - 06/12/09 07:42 AM
Sunshine and a Year of FREE Living
by Bob Schwartz, San Diego real estate broker, Certified Residential Specialist
The state of California has more than doubled the normal foreclosure time by an additional 90 days for homeowners with troubled mortgages.  This is on top of the 30 day extension put in to place in 2008.  Is this the state where living is free or are these actions only prolonging the pain?
Sen. Ellen Corbett (D-San Leandro) introduced a bill as an add-on to the California “budget” package to add a 90-day moratorium on California home foreclosures.  Gov. Arnold Schwarzenegger signed … (2 comments)

 
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