Please let me clarify and explain a situation in regards to a house that has been foreclosed to the bank. The house is located on an upscale street in the Hidden Meadows area north of Escondido and just east of Rimrock.
The couple that owns the house is going through a nasty divorce and the husband does not want the wife (or, soon to be ex-wife) to purchase the house on her own. For some unknown reason, the husband has let the house go back to the bank, even though he could have made the mortgage payment. Perhaps there is some pre nup or other contract that complicated this real estate deal.
This situation to me, is a prime example of the owner, in the future, being able to exercise his right of redemption.
