Foreclosure in Pioneer>Question Details

Aplb85, Other/Just Looking in Amador County, CA

if a house is in foreclosure in california can a family member stay their until the bank takes it ? also how much time would they have and what right?

Asked by Aplb85, Amador County, CA Fri Apr 20, 2012

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The owner normally has control to occupy or rental rights. Foreclosure can take several months.
0 votes Thank Flag Link Sun Aug 5, 2012
Anyone can stay in your home, it's right of enjoyment and it shouldn't have anything to do with a pending foreclosure.

The law in California is that the Lender will file a notice of default on the property. Once they order the foreclosure they must follow the rules and that is 3 months and 3 weeks before it is auctioned off. Visit the for more details on rights and laws of tenants and foreclosures.

Has the family member explored all options? It would be in their best interest to understand if it is owner occupied and they turn it into a rental how that could possibly affect their liability under the foreclosure law. A real estate attorney and CPA are good resources for Law and Tax implications.

They may want to explore if a short sale is an option. This gives them the control of vacating the house. It sometimes can prolong the foreclosure, and in some situations some lenders are offering a relocation allowance $ to the homeowner.

I could refer them to an agent in that area to assist with the resources available.
Web Reference:
0 votes Thank Flag Link Fri Apr 20, 2012
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