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In CA the home can be sold at auction just 21 days after the notice is posted. From there it ususally takes a few days for the new owner to contact you. Typically they will offer to give you some cash if you move out within a couple of weeks and leave the place clean. If you do not accept and force them to evict, it will likely take 60-90 days for the Sheriff to show up and remove you (not recommended).
I just bought a home through a trustee sale. The house is currently occupied, What should I do from here and how should I approach the tenant/owner that is in the home. . Please help!!!! Thanks
I am in the process of a lone modification from my lender at GMAC but I just received "Notice of Trustees Sale" today. Can I be evicted even though GMAC is still processing my workout plan?
call your lender and request to pospone the sale because your in a loan mod...
call your lender and ask them to pospone your sale your in a loan mod be tough and demanding..
I receiveda "notice of trustees sale" It's on 2/22. If it doesn't sell on that date is it still in my name or does automatically go back to the lender on that date regardless?
If the sale is postponed (and many of them are these days for various reasons) you still own the property. If the sale takes place the bank gets to make the first bid which is called the opening bid, if no one bids above the bank than the property becomes bank owned. If a 3rd party bids above the bank then they are the owners of the property.
I was told it went back to the bank on 2/22. They haven't transfered the tittle yet. How long does this take and are we still legally responsible?
Thank you!
I was told it went back to the bank on 2/22. They haven't transfered the tittle yet. How long does this take and are we still legally responsible?
Thank you!
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