@Amy Webber“HelloFax, the Web site that finally liberates us from the worst gadget on earth.” 

I do think the market here is a bit saturated personally & many people I speak with are seeing they are not as booked.

Do you think applicants would be willing to share the kitchen with 3 others?

I didn't think about creating two LLC's, one in both of our names.

I am a little bit frustrated, because I do not think anyone would have said anything had I not reached out to the city.

Some make think my statement arrogant but it's experienced, and I think you get me Engelo.

You kind of have to separate out the asset protection aspect from the banking aspect when you think about it.

I forget the number right now but if you are within I think 5 days from sale date the lender isn't obligated to reinstate, but still may.You may be able to delay the foreclosure by simply asking for more time, you are now the property owner and have some sway.A couple observations:You don't have title insurance as no title company will insure a trustee's deed in CA, so that won't help you.You won the auction based on your commitment to occupy the property (SB1079), so this is not a quick flip.To buy time and delay foreclosure you can file a stripped down bankruptcy.You can't stop payment on the 86k wining bid since you paid cash at the trustee sale.Generally trustee sale buyers don't have a real good feeling for the property condition, unless you do for some reason, so this is a wild card. 

Quote from @AJ Wong: I've been a mortgage broker twice as long as I've been a surfer but I think the professional experience might truly be about to pay off!

Then go to another site to learn more about the house you are interested in.