Legal Question in Real Estate Law in California
I live in California and just lost my home to foreclosure. The day after the trustee sale, which sold to beneficiary, a rep from the bank showed up and asked me how much money I wanted and when I could get out. I asked for $5,000 and he said I would have to be out by 10-11. I want to know if there is other options under California law? What happens if I refuse to sign his contract?
1 Answer from Attorneys
If you refuse to sign the agreement, the bank will then commence unlawful detainer (eviction) proceedings in court, and the monetary offer will be withdrawn. If the bank should win, you would have a short period (a week or two) in which to move out your possessions and yourself before the sheriff forcibly evicts you. You might consult with an attorney about your options and about whether there's anything that can be done to keep you in the house, if that's what you desire.
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