Legal Question in Real Estate Law in California
My house will be on a Trustee Sale in 2wks. How can I stop it or atleast prolong the process? We have been denied a modification twice. The bank told me that doing a short sale still won't stop the process because the house needs to sell before the Trustee Sale.
Asked on 12/23/10, 10:11 am
2 Answers from Attorneys
If there is a defect in the proceedure the bank has followed, you may have a right to an injunction. Otherwise your only options are bankruptcy or pay whatever the bank requires to bring the loan out of default.
Answered on 12/30/10, 5:40 pm
Anthony Roach
Law Office of Anthony A. Roach
The other option is to have the lender postpone to foreclosure sale, but this needs to be done in writing. This would require approval from the lender, with the knowledge that they were going to agree to the short sale.
Answered on 12/31/10, 1:21 pm
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