Short Sale, Foreclosure and Strategic Default

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Wednesday, August 8, 2007

Bad faith waste of a foreclosure property

Many people working in Real Estate in San Diego have seen nice homes in nice subdivisions trashed by homeowners who were subject to foreclosure actions. California homeowners should be aware that bad faith abuse and possibly even omissions to act could take the homeowner out of the protection anti-deficiency provision of California law.

Any deliberate impairment of the security (real estate for our purposes) and sometimes omissions causing impairment to the security could subject homeowners to deficiency proceedings.

1 comment:

Daniel said...

Thank you so much for the very informative post. The best way to prevent foreclosure comes from educating yourself about how foreclosure works and knowing your best options. Knowledge of the topic of foreclosure will assist you to prevent foreclosure scams and various costly mistakes.

New Port Richey Foreclosure Attorney