From the L.A. Times
If nothing else, filing for bankruptcy protection will buy you some breathing room, which is particularly important in “non-judicial” states where the clock on foreclosure starts as soon as your lender posts a notice that it intends to accelerate your note.
In “judicial” states like California, the process of repossessing a house [...]

From Puget Sound Business Journal
When her Edmonds condo went on the market, Mindy Moore thought she had managed to avoid foreclosure.
Moore listed the home in Edmonds for about $30,000 less than she owed on the mortgage. She thought the “short sale” agreement signed with the bank meant the bank would absorb the loss.
Then she discovered [...]

Government-controlled mortgage finance companies Fannie Mae and Freddie Mac said Friday they have immediately suspended all foreclosure sales involving occupied single-family and 2-4 unit properties through March 6, to give troubled borrowers more time to work with loan servicers to avoid losing their homes.
From the AP
Wells Fargo, Bank of America Corp., Citigroup Inc. and J.P. [...]

My wife, while visiting her sister, had a conversation about a house down the street from the sister that had been listed for sale for many, many months in Orange County, CA.  List price started very close to $800,000, then drifted down to it’s last FSBO price of $649,000.
That’s all well and good, but when [...]