Legal Question in Real Estate Law in California
I bought a house that was owned by an investor. The investor purchesed it at a trustee sale. When we went to close the title had a pending law suit from the former forclosed owner. Since the new owner has taken possession and done work to the house is there a chance that former can get the house back?
1 Answer from Attorneys
Taking possession and doing work is very unlikely to have any effect on the former owner's rights. Either the trustee's sale was valid, or not. Neither you nor your seller will know for sure until the suit is resolved. At least, that's the cautious approach --- we can't know for sure based on the four short sentences of data provided. You can probably cancel the sale, and probably should cancel the sale, on the ground that the seller cannot convey clear title. My advice is to get professional advice and then back out if you can, at least until the seller can convey good and insurable title.
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