Asked by mtdhomeownergoal, 94597 • Tue Nov 27, 2012
were wanting to close by year's end for him to receive the tax bennies that expire then. We took on the power, gas and electric bill (in one of our names). It turns out there was no actual escrow and the bank now owns the property as of yesterday. What are out rights? We'd love to negotiate a longer term house sit in exchange for the same services -- to keep the property occupied and secure, maintained, and maintain what value it has. The foreclosure inventory is huge in CA and we feel we may even be able to buy it, either as partners or in partnership with some others. We are both in the process of cleaning up our own financial pictures and developing small businesses. We (and the neighbors seem to support the concept) would love to create a win-win situation here, and not have a vacant dilapidating home in the neighborhood for months or years to come. What are our post-foreclosure rights -- in northern CA.
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