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Tuesday, November 20, 2007



We can go to the lender and ask for the time extension, he will definitely give the time ,he has nothing to do with our property,he wants only his money back this is the best way to get rid of the foreclosure.


Although it may seem as though the bank would actively want to pursue the foreclosure and get it off the books, so to speak, many large lenders are working on hundreds or thousands of foreclosed properties. Many of the owners will simply give up on the home or be too frightened to ask for more time. The ones that are seriously looking into ways to stop foreclosure, though, will be able to convince the bank that they deserve more time. The bank would willingly offer more time to solve the problem, and it is easy enough to postpone the foreclosure auction. The extra fees and interest will just be added to the balance in the end, anyway, and be counted as an even larger tax deduction for the lender.


If you are interested in foreclosure property market in California, I have just published a California Home Foreclosure Market Statistics Report at, that details the availability of foreclosure/distressed properties, home price movements, and housing inventory statistics by the different areas of California. For those who are interested to seek out these properties, this should give you some hints of where to find these properties.


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