foreclosure buy back

Submitted by ted from CA - 02/23/2010 - 11:04pm

A foreclosed former home owner wants to buy the same home back with cash in the name of a person not directly related to him. That person will likely be a future son in law. This is in California. What are the legalities pertaining to such a transaction?

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Comments

Submitted by Sean - 02/28/2010 - 11:04pm

They are smart to put it in someone else's name, as the wiped out debt will re-attach if they put it back in their name. Still seems like an awful lot of risk to trust someone else to hold title for them, future son-in-law or not.

Submitted by Randy - 07/07/2010 - 5:25pm

I know GA law is different...

but how long after a courthouse foreclosure is reattachment possible...

or likely...???

Thanks, Sincerely...

A Very intrested party...

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