Re: To foreclose or not to foreclose?


Posted by msoliman on June 19, 2008 at 03:33:25:


In Reply to: To foreclose or not to foreclose?
Posted by Ames on June 18, 2008 at 21:22:05:

Do a "reverse shortsale" ! You need to wake up here. Ca is a one action state. no recourse outside of a judicial foreclosure - very rare! But you may have a claim for a wrongful foreclosure (subject to). if the loan was stated and you cannot afford it thats a MAJOR Red Flag I have beat time and time again. File a claim and try for getting the loan reduced by 50%. Why not? After foreclosure the lender will sell it as an REO for that! www.borrowerhotline.com


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