Real Estate/Development
Nov. 1, 2011
Landlords who got home loans facing foreclosures
A number of recent forced foreclosures on borrowers who are current on their mortgages but rent their homes out for cash has the California Housing Financing Agency scrambling to review its policies.
Daily Journal Staff Writer
A number of recent forced foreclosures on borrowers who are current on their mortgages but rent their homes out for cash has the California Housing Financing Agency scrambling to review its policies.
According to a report released last week by the California Senate Office of Oversight and Outcomes, CHFA has foreclosed on at least 21 borrowers and made moves to foreclose on approximately 200 more if the...
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