CNN Real Estate published this online article, Squatter Nation: 5 years with no mortgage payment. It features real life stories of people staying in their homes without making payments - in some cases for as long as 5 years!
(Thousand Oaks)
It even features a case "in Thousand Oaks, Califfornia, where an actor has missed 30 payments he still has not lost his home. Apparently, the Nation has 4.2 million homeowners who are are either seriously delinquent or have had their cases referred to lawyers to pursue foreclosure auctions.
Realtors: Are you finding situations where this is the case?
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