Dave Thurman's Real Estate Blog » 2009 » June » 18 http://davethurmanrealestate.com Stockton Real Estate · Homes for Sale · REALTOR® Since 1976 Fri, 11 May 2012 21:35:14 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 90 Day Extension to Foreclosure! http://davethurmanrealestate.com/2009/06/18/90-day-extension-to-foreclosure/ http://davethurmanrealestate.com/2009/06/18/90-day-extension-to-foreclosure/#comments Fri, 19 Jun 2009 05:45:02 +0000 Dave Thurman http://davethurmanrealestate.com/?p=129 California has enacted another new law which extends the foreclosure process by at least 90 days. The purpose of the extension is encourage lenders to work with the homeowner regarding a loan modification and keep more families in their home. Of course, new laws like this one have good intentions, but complicating the powers of sale in a deed of trust, could have a very serious negative impact on the real estate market.

In my opinion, we don’t need new laws and more delays in the foreclosure process. We need to encourage lending and real estate investing. We need to allow the normal market process to take place. There will be new buyers for the foreclosures properties and they will need loans!

]]> http://davethurmanrealestate.com/2009/06/18/90-day-extension-to-foreclosure/feed/ 0