QUESTION
how long should it take for a bank to rescind a foreclosure sale
Asked on Feb 19th, 2016 on Real Estate - California
More details to this question:
1 week after I started escrow on a short sale purchase dealing with the 2nd mtg (Chase) the first mtg (chase) foreclosed & sold home. They admitted their mistake & have told me they are rescinding the sale but they won't say how long this will take. Buyer & seller have signed all docs, my money is sitting in escrow. I need to know when this process will be completed.
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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It is common for the lender to take a few weeks to record a Notice of Recission of Declaration of Default with the county recorder.
Answered on Feb 19th, 2016 at 6:59 PM