The Mortgage Meltdown: Up Close and Personal

Just in Southern California alone the number of Notice of Defaults rose in July by leaps and bounds according to a report by DataQuick Research. I felt the pain personally after I received a notice from my landlord’s creditors stating that he and his wife had filed for Chapter 7 Bankruptcy.

What did that mean to me? Well, after three years of being the perfect tenant, never missing a month’s rent, and taking care of their home better than they did, I had to move quickly – like within a week to find a new home — before the bank showed up to tell me their home was going into foreclosure.