Shadow inventory in the United States is currently estimated at over 7,500,000 homes and growing.
U.S. Shadow Inventory Estimated at 7,500,000 Homes & Growing
California Foreclosure Timeline
I am often asked by homeowners considering a short sale what the timeline is for the foreclosure process in California. The following is the special foreclosure timeline for loans originated between 2003 & 2007 on owner occupied residences.
Deed in Lieu of Foreclosure?
A deed in lieu of foreclosure is basically a voluntary foreclosure, where the homeowner agrees to surrender the property to the bank, and the bank, in exchange for not having to incur the legal expenses of going through the foreclosure process, in some cases agrees to not pursue any deficiency against the seller.