Pitman Chamber Blogs

Since local foreclosure laws vary from state to state, it is imperative to research Calabasas, CA foreclosure laws. Some states require the lender to sue the borrower and obtain a court order for the sale of the property. This is known as judicial foreclosure, and is practiced in Florida, New York, Ohio and Pennsylvania. Other states, including California and Texas, follow the non-judicial foreclosure process, which doesn’t require the borrower to be served with a lawsuit. For inexperienced investors, purchasing from the lender is the safest way to buy Calabasas foreclosures. Most foreclosures are taken back by the bank during auction, experts say.