Legal Question in Real Estate Law in California
I'm looking at buying a foreclosure property. I just found out today that the previous owner has a lawsuit against the Mortgage company that foreclosed on him. The property is currently listed and I've got an offer in. My question is: If I get the property bought, close and the home owner wins his lawsuit, is there a possiblity that I could lose the house back to the previous owner? Any thoughts would be greatly appreciated.
Asked on 9/10/09, 7:49 pm