Illustrative composites based on common California foreclosure situations. Names and details have been changed for privacy.
Six weeks before the trustee sale, Maria was still weighing options. After running the Wait Simulator she realized two more months of fees and lost equity outweighed the discount from a cash sale. She closed in 14 days with funds wired to her bank.
After a temporary income loss, David applied for a modification with our checklist. With documentation prepared in advance, his lender approved a rate adjustment that brought his payment back into reach.
Approaching their NOTS date, the Nguyens compared listing with a realtor against a direct sale. They chose to list because they had 6 weeks and minor repairs only. They sold above asking price.
James owed more than his home was worth. His lender approved a short sale with full release of remaining debt. He was renting again within a month.
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