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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Trying to help the neighbor with Chase foreclosure Posted by Fred P on November 09, 2009 at 6:02 PM In Reply to: Re: Trying to help the neighbor with Chase foreclosure posted by G.O. on November 01, 2009 at 9:37 PM : > now it appears that he's occupying the property illegally : Not at all. He's simply a tenant now. And the sheriff can't just throw him out, unless there is something diff. in CA laws. In fact, he can try to make some money out of it - cash for keys, it's called. Really. : > it doesn't appear that he'll have my defense : If Chase really messed up the paperwork then he'll have plenty of defense. If the sale was performed under his nose, perhaps he had a previous sale date that was postponed due to short sale, however, whenever the bank decides to place it in auction, they are not obligated to inform you again. When the sale takes place, either the bank stays with it or a an investor/buyer purchase it, in any event he can prolong his stay and negotiate a keys for cash for 30 days for aprox $5,000. In any event in order for the sheriff to get you out, the bank or buyer would have to start an unlawful detainer which can go sometimes for 90 days, so the bank or buyer is more interested in resolving it in 30 days Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : > now it appears that he's occupying the property illegally : : Not at all. He's simply a tenant now. And the sheriff can't just throw him out, unless there is something diff. in CA laws. In fact, he can try to make some money out of it - cash for keys, it's called. Really. : : > it doesn't appear that he'll have my defense : : If Chase really messed up the paperwork then he'll have plenty of defense. : If the sale was performed under his nose, perhaps he had a previous : sale date that was postponed due to short sale, however, whenever the : bank decides to place it in auction, they are not obligated to inform you : again. When the sale takes place, either the bank stays with it or a : an investor/buyer purchase it, in any event he can prolong his stay : and negotiate a keys for cash for 30 days for aprox $5,000. In any event : in order for the sheriff to get you out, the bank or buyer would have to : start an unlawful detainer which can go sometimes for 90 days, so : the bank or buyer is more interested in resolving it in 30 days [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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