A New Tactic for Home Owners to Use in Foreclosure

By
Real Estate Agent with Casta del Sol Real Estate / HomeSmart Everygreen Realty 01439520

This was on "Good Morning America" this morning. It is a tactic for home owners to use to slow down the foreclosure. California is what we call "nonjudicial state", so here a homeowner would have to file a lawsuit against whomever is foreclosing on them.

This site is where you can read the report http://www.wjla.com/news/stories/0209/595758.html

This is the video from the show  http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=12191382&ch=4226720&src=news 

Posted by

Valorie Stover , Specializing in YOU!

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California Orange County Mission Viejo
Groups:
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Realtors®
Posts to Localism
Orange County Real Estate
Tags:
foreclosures
sellers

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Rainer
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Deb Clifton
Coldwell Banker Advantage - Clayton, NC
Broker/Realtor, e-PRO, CNS

I saw that this morning too. I wrote a blog on it as well. I think it could give some clients that are getting ready to lose their home a few more months to get some things together. I would try it.

Feb 24, 2009 12:52 PM #1
Anonymous
Valorie Stover

Lets hope it saves some to be able to stay in their house, at least till they find a solution,

Feb 24, 2009 02:00 PM #2
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Rainmaker
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Valorie Stover, Realtor for Casta del Sol

Mission Viejo,CA, Active Adult Community!
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