I have never heard of a bank foreclosing on a technical default before. Loans are written based on the borrowers intentions. Over time home owner's situations change and loans are sold to other banks. Servicing deptartments are concerned about performing loans.
If your home is in the Los Angeles area and you decide to rent your home, please contact me. I would be happy to help you find a renter and manage the property if you want. I currently manage other units.
3 Leaf Realty
You will be asked to show the apartment to potential customers during this period. It would be in your best intrest to make sure it is presentable. You will either be having a new landlord or your current land lord will have to buy out the rest of your contract provided it is in writting. Either case you should cooporate for the sake of getting a referanc in the future or you may be meeting your new landlord and relations are made by first impressions.... more