[quote=Aecetia]Just to spice things up on this thread: “All the rooms in Jocelyn’s house in Escondido had been painted beige, and the kitchen had been given an overhaul with new appliances and marble countertops. That’s because Wells Fargo & Co. had foreclosed on the property in August, and a new owner, West 11th Trust 356, had purchased the house and made improvements with the intention of putting it back on the market.”
Pines said he plans to sue everyone involved with the transaction: the real estate brokers, the lenders, the loan servicers, and anyone else he can find. But even more, he’d like to see these same players brought up on criminal charges of fraud.
Things are sure getting exciting. How long does the former ‘owner’ of a home have to reclaim it if the foreclosure was done improperly? It would suck to buy a foreclosed property at what you thought was a good deal only to have the previous ‘owner’ try to evict you because the foreclosure wasn’t proper.
