Legal Question in Real Estate Law in California

We got 7000.00 stimulus money from the government for first time home buyers. The house is going now into foreclosure. Are we still responsible to pay it back when bank takes the house? Or is it possible to pay the 500.00 per year that they required?

Thanks


Asked on 8/28/10, 12:54 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

I'm not sure what the rules are here, but knowing how the government does things, I'll bet the answer is to be found in some of the documentation you received during the application process. Otherwise, there'll be an information phone number somewhere in the docs.

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Answered on 9/03/10, 2:20 pm


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