Comments on: Wanna buy a foreclosure in Santa Ana? http://blog.redfin.com/orangecounty/2007/11/wanna_buy_a_foreclosure_in_santa_ana.html Redfin Orange County Sweet Digs Mon, 16 Jan 2012 10:53:20 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Julie Lance http://blog.redfin.com/orangecounty/2007/11/wanna_buy_a_foreclosure_in_santa_ana.html/comment-page-1#comment-9160 Julie Lance Tue, 17 Jun 2008 18:23:16 +0000 http://blog.redfin.com/orangecounty/2007/11/wanna_buy_a_foreclosure_in_santa_ana.html#comment-9160 Have not bought a foreclosure... although these days are very appealing. Have not bought a foreclosure… although these days are very appealing.

]]> By: Luis Gallardo http://blog.redfin.com/orangecounty/2007/11/wanna_buy_a_foreclosure_in_santa_ana.html/comment-page-1#comment-9159 Luis Gallardo Tue, 17 Jun 2008 18:16:58 +0000 http://blog.redfin.com/orangecounty/2007/11/wanna_buy_a_foreclosure_in_santa_ana.html#comment-9159 In California, the foreclosure process is longer than in other states and many lien holders are probably against the extended time frame, but there are many homeowners who benefit from the time frame because it allows them "adequate" time to become current on their loan. During this period of market transition, where many homeowners are abandoning the property or investors who are no longer remaining responsible for their debt simply cut their ties to the property and at that point the timeline is excessive. But I do not think that it should be shortened, because more than likely it would not be re extended in the future and that would not be fair to those for whom the guidelines/time line were meant to assist. On another note...did you purchase a foreclosure? If yes, how was your experience? In California, the foreclosure process is longer than in other states and many lien holders are probably against the extended time frame, but there are many homeowners who benefit from the time frame because it allows them “adequate” time to become current on their loan. During this period of market transition, where many homeowners are abandoning the property or investors who are no longer remaining responsible for their debt simply cut their ties to the property and at that point the timeline is excessive. But I do not think that it should be shortened, because more than likely it would not be re extended in the future and that would not be fair to those for whom the guidelines/time line were meant to assist.

On another note…did you purchase a foreclosure? If yes, how was your experience?

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