HomeOwners Becoming Squatters

– Posted in: Phoenix Real Estate

Foreclosures — almost every neighborhood has them it seems. And if a neighborhood does not have them – everyone knows of someone, or knows someone who knows someone who is losing their homes.

What seems a mystery to many is why there are families who remain in their homes for weeks or months and months after they have been given foreclosure notices.  Months and months with the owners not paying their mortgage.

How can this be is asked? How can people continue to live in homes mortgage free while the rest of us slave away and work hard to pay our mortgages.

The LA Times did a nice article on this frustrating scenario.  To read the article, click here.

Frustrating scenario for sure. Unfair for people who are paying their mortgage for sure.  Any end to this in sight – not likely any time soon.