Is Anyone Using SB1079 to Purchase Foreclosed Homes?

[Yohan Kim]

Hello everyone,

I have been in ministry for 20 years, working closely with church congregations. Over the years, I have often seen church members lose their homes, which deeply affects not only them but also the local church and its pastors.

While looking for ways to support both pastors and struggling church members, I came across SB1079. I believe this law presents a great opportunity—not only as a sustainable business model but also as a way to help people in need.

However, I have no experience in real estate or foreclosure auctions. Recently, through my church network, I had a brief conversation with the CEO of a real estate investment company specializing in auctions. He dismissed SB1079 as impractical and not worth the investment, mainly due to the lack of a centralized system for tracking auction dates.

Despite this, I still believe SB1079 has great potential, and I would love to learn more about how it can be applied effectively. Is anyone here actively involved in using SB1079 to purchase foreclosed homes? Or do you know of any groups or individuals working in this space?

I would greatly appreciate any insights or advice. Thank you!