90 day moratorium is not for everyone
Monday, June 15, 2009
You may have heard that the Governor has signed a bill to add a 90 day moratorium to foreclosures in California. But, not so fast. There are rules and guidelines to this law.
Make sure you check with your lender before you assume this applies to your situtation. Check out this story for more information. Here is a link to a timeline you may find helpful.
Lenders may be using this 90 days to push for loan modification or short sales.
help stop foreclosure…
In either case, you need to do your homework before bidding on a home at auction. While you can find many deals at a real estate auction, you can also end up paying too much for a dud. When a homeowner is facing eviction from the bank, they often take …