distressed property

Does a Sale Really Clear What You Owe?

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Diagram for absentee owners comparing a lender-approved short sale to one without approval and the mortgage shortfall each leaves behind

Part 6 of a 6-part series on understanding your net proceeds as a seller — written for absentee owners weighing a short sale. This series opened with a simple correction: your online estimate isn’t your payout. Part 2 broke down what’s actually on a seller net sheet, line by line. Part 3 asked the question … Read more

California’s 45-Day Foreclosure Postponement: What Homeowners Should Know

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Graphic explaining California's 45-day foreclosure postponement law for homeowners facing a trustee's sale

If you’re facing a scheduled trustee’s sale in California, you may have more time than you think. The 45-day foreclosure postponement California law took effect under Assembly Bill 2424 on January 1, 2025. It is codified in Civil Code Section 2924f(e). It gives homeowners in active foreclosure a one-time legal right to delay the sale … Read more