John and Laura Holbrook are assisting a friend in dealing with a pending foreclosure. This friend owns property that has no water of it's own, the well has gone dry so water has to be hauled to the property weekly.
This water problem has devalued the property below the loan amount currently on the property. It's a nice 6 1/2 acre lot, with a 3 bedroom, 2 bath house on it and a 4 stall horse barn.
This friend has attempted to work with the bank to get a loan modification, without any success. So now, the property is listed, hoping a cash buyer will buy the property, since it does not qualify for a bank loan without water.
So many people are loosing their homes to foreclosure that John and Laura are reaching out, doing what they can to assist them.
