Eviction Property California Foreclosure
Description
How to fill out California Eviction In Foreclosure Package?
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FAQ
Until the home is sold, you must continue to pay your monthly rent to your landlord. You owe rent to the new owner once the home is sold. If the new owner wants you to move out, they must give you a 90-day written notice. If you don't move out within 90 days, they can begin the eviction process.
To start a judicial foreclosure, the lender files the appropriate court action against the owner in default. Usually this is in the form of a lis pendens (pending lawsuit) against the owner. If it rules against the owner, the court will order a public sale of the property.
CCP §1161b(a) requires that nearly all tenants in foreclosed properties receive a 90-day notice before eviction commences, regardless of any relationship between the tenant and former owner. The only exception is for tenants who live in the property with the former owner.
Fide purchaser (BFP), must serve the previous homeowner with a 3-day notice to quit. If the former homeowner continues to occupy the property after this notice expires, or ?holdover,? the foreclosing entity or BFP must bring a judicial unlawful detainer action to evict.