Legal Question in Wills and Trusts in California

I'm not sure what Attorny group to address at this point...Sale date is set. 1 wk. left...loan is in my mother in-law who past away in 2009. She was never married w/only 1 child. We have been making the mortgage payments up until my husband got laid off,, do to appeals process w/unemployment we had no income we have now accumulated over 11,000 in back mortgage and fees. The bank requesting 1/2 funds now the rest over 6 months period...

It's crunch time with all aspects addressed we our a family of 4 (not to mention the small zoo we have acquired )with damaged credit...all we want to do is save our home. This is all we can afford.

What option do we have?

is there any


Asked on 6/28/12, 9:51 pm

1 Answer from Attorneys
Kurt Seidler Law Offices of Kurt A. Seidler APC

Assuming you pay the bank back the amount they are requesting can you continue thereafter to make the payments? How much rent would this same property go for? You can always bid at the foreclosure sale but you need a large amount of cash to do that. Many questions you need to answer. If the sale goes through the buyer will probably want possession right away and so will start unlawful detainer (eviction) proceedings against you soon unless you can negotiate to rent the property from her.

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Answered on 6/29/12, 11:06 am


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