new forclosure rules may be coming

[John S. Rabi]

quote:

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Originally posted by Nancy Fryhover
You're right, Kathy, according to the article. Hope legal person comments on this.

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Kathy is correct. While I'm not a "legal" person I went to a seminar conducted by a Honolulu real estate law firm on foreclosures last year. My company also has a real estate attorney on retainer to advise our clients facing foreclosure. If the mortgage note contains a Power of Sale than the lender has the right to foreclose without the involvement of the court and there is no deficiency judgment.

Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
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