How long would an investor have to wait to know if the sale is valid .


#1

I purchased a house in a trustee sale from Recon Trust the owner is in foreclosure , and claiming that they
made an error. Recon trust is reviewing the purchase . i have recieved the Grant Deed and i did record it.
could the bang reverse the process? How long does an investor have ?


#2

Hi Kesheshian,
If they have sent you the trustees deed then it would be fair to assume that the sale is not going to be rescinded. If they did determine that the sale was invalid you would potentially have a claim for damages. You may want to keep the name of a good attorney on hand just in case.


#3

What damages would i be liable for ?


#4

Hi Vartan, You would have the damages that they would have to pay. This could be losses for repairs, holding costs and losses for your potential profit.