Good friends of mine went into foreclosure do to the housing market in Central Valley California. They were not able to get their home refinanced because the home had loss value, due to this they were forced to go into foreclosure. Can they ever get back on track after going through this?

Review
“Once you start reading, you won’t be able to put the book down. You will feel you are part of the deals that industry leaders have put together. This is a real book about real people and how they address risk and reward.” —Bruce S. Schonbraun, Managing Partner The Schonbraun McCann Group LLP “Bergsman applies a journalist’s logic to the complex world of commercial real estate, making it easier for outsiders to understand. He writes with the authority of a true in (more…)

Review
“Once you start reading, you won’t be able to put the book down. You will feel you are part of the deals that industry leaders have put together. This is a real book about real people and how they address risk and reward.” —Bruce S. Schonbraun, Managing Partner The Schonbraun McCann Group LLP “Bergsman applies a journalist’s logic to the complex world of commercial real estate, making it easier for outsiders to understand. He writes with the authority of a true in (more…)

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How does one deal with a foreclosure? Is the buyer allowed to look inside the house and should one go to bank if interested in buying a foreclosure home.

Our landlord has not told us the home we rent is in foreclosure. I found out through notices addressed to him in the mail and through a website listing our home in foreclosure. As it is we pay rent a month in advance and have decided to pay on time instead so that we do not lose a whole months rent if asked to leave. Sorry to say we do not trust our renter because he has not been honest with us. When this home sells, how long will we have to find a new place? Also, shouldn’t the bank be getting our rent money…especially if rent is more than his mortgage? I am really just concerned about what this means for us and options available? Anyone ever been in this situation?