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Originally Posted by clickhappy
I dont understand how forclosures can happen in California on residential property. The market is so hot, if you were about to lose your home wouldn't you just put it on the market and sell it and pay off your mortgage? And at least save your credit and put some bucks in your pocket?
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Exactly!!! That's what I thought but that ain't always the case! You have got to read some of the latest and best articles on this stuff.
The heartbreaking thing isn't always that the people lost their home, it's WHY they got into trouble in the first place!
Pal told me divorce, child custody, liquidation of assets shit clogs up the courts. It's EVIL how much this shit goes on.
People get married for the dumbest reasons and when the littlest thing goes wrong: divorce! They go to some counselor who drives them further apart and that counselor has a cousin whose a RE Agent etc. etc.
It's like Vulture leading Vulture round there.
When I studied RE back in the 80's it was fun. Nowadays you have to be like a therapist just to get through this shit.
I'm going back to studying more and more. Better to have your corp. buy the properties. If you do you get targeted.
One thing I've learned is don't put shit in your name. Ex wives and their lawyers are like impending doom vultures.
Glad I didn't get married! Even if you ain't married and have kids and those kids fuck something up like car accidents, fights etc. you, the 'man' get dragged into their shit!
Dang!