Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Thursday, June 18, 2009
No more foreclosures for awhile
California has put another three-month moritorium on foreclosures. That means that there won't be bunches of REOs on the market until mid- to late Fall. It also means that there probably will be more short sales (banks: get your act together on this) and inventory will be short this summer. I think.
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where can i find out more about this moratorium? we're looking for a home this summer.
ReplyDeleteAnon, just google California foreclosure moritorium. You'll find tons of stuff.
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