ForeclosureRadar says it now takes an average of 229 days for a bank to foreclose on a home in California after sending a notice of default, up from 146 days in August 2008.
RealtyTrac notes that the number of loans in which the borrower hasn’t made a payment in 90 days or more but is not in foreclosure is at 5.1% nationally, a record high.
In the Inland Empire, an estimated 100,000 homeowners are living rent-free, according to economist John Husing, who based that number on the difference between loan delinquencies and foreclosures.
Lender rent/payment amnesty in California can easily provide 18 months of free living!
If we’re letting these people slide like this, how are we to stop other from doing the same thing? It COULD and WILL get worse if we don’t stop this!
San Diego medical research
Very detailed article can i translate into French for our blogs subscribers? Thanks