Legal Question in Bankruptcy in California
My mom has rented a house in compton,ca for about 11 years now. The owner charges her full rent and she is not making any mortgage payments. What can my mom do the owner denies she is in foreclosure, but she is. If the property is bought my mother would have to more immediately what can she do to save her self from that?
1 Answer from Attorneys
Whomever buys at the foreclosure sale would have to give at least 60 days notice and if your mother is paying market value rent the new owner might not try to get her out. She should find out what the monthly mortgage payments are and if close to the monthly rent [which I doubt] she might try to work out some type of purchase agreement. She should be concerned about making sure that the landlord puts her security deposit in a joint account requiring both to sign so that she gets that back after foreclosure.
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