REO SoCal.com

 REO SoCal
 

REO SoCal.com is a dynamic foreclosure glossary and multi-database REO property search. REO SoCal provides information from the major government REO (Real Estate Owned) databases in addition to database information on pre - foreclosure, (currently in default and trustee sale status). You can also subscribe to our foreclosure "Term of the Day " feature.

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Foreclosure Term of the Day -

One Action Rule

A rule of law, used heavily in California, that forces a lender to bring only one court action or proceeding against a borrower in a foreclosure. The one action rule makes it difficult for a lender to obtain a deficiency judgment against a borrower.

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