Legal Question in Real Estate Law in California

Real Estate Purchase

I am in escrow on a foreclosure

property. Someone was squatting in

the property (not the prior owner or

tenant, just broke in and started

living there). He has no real claim for

''adverse possession'' (had only been

there three or four months before

the bank-owner threw him out) and

has been removed. However the

loan has funded and now the title

company is delaying transfer to

''research'' the adverse possession

issue. This delay could cost me my

loan and loan rate. If I leave this

deal behind I'm out thousands in

escrow and loan fees. What are my

options? Do I have any recourse?

The bank knew the guy had been

squatting there. I don't think the

squatter filed any legal documents

but I can't be sure. He's sort of a nut

but savvy.


Asked on 7/31/08, 8:01 am

1 Answer from Attorneys
Daniel Bakondi The Law Office of Daniel Bakondi

Re: Real Estate Purchase

I have experience litigating multiples cases of adverse possession, on both sides. You may contact my office to discuss the matter, if you would like me to possibly assist you with this.

Disclaimer: Nothing herein constitutes legal advice. No attorney client nor confidential relationship is created. You may not rely on attorney nor anything communicated unless and until an attorney-client relationship has been formed. Your issue may be time sensitive, requiring you to act immediately to prevent loss of your rights or harm to your interests.

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Answered on 7/31/08, 11:43 am


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