Shari Olefson is an attorney-mediator and author ofFinancial Fresh Start: Your Five-Step Plan for Adapting and Prospering in the New Economy. Her quotes/comments can be found in publications such as the Wall Street Journal, Forbes, and USA Today, and she makes appearances onCNN, CNBC, Fox, PBS, MSNBC, and CBS.
There’s no question that the housing market is well along the road to recovery. Sales are going up, prices are increasing, and that’s good news for all of us. But for some folks, the nightmare is not even close to over yet. Instead, an estimated 2 million homeowners are in the land of the zombie foreclosure.
The foreclosure process varies by state, but inevitably begins with the bank sending the homeowner a Notice of Default. That initial notice is then followed by the balance of the state’s foreclosure process, which is lengthy and can be prolonged by numerous delays. Learn more...
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