You may have heard litigation instead of mitigation so the sale may have been stopped because of some now new info or someone filed a stay to delay the sale or the owner filed BK or many other things.

You benefit because you get your property back in your possession to renovate.I know that Auburn is a Seattle satellite, but the recent civil unrest is causing firms to leave the area so it might be to their benefit to move out.

So you'll have to pay for litigation and just preparing the initial documents will be at least half the cost to repair.

I would prepare to litigate this and be ready to spend money to do so.

I could never bring myself to purchase a completely finished home, then proceed to pay someone to rip out brand new flooring, cabinets, moulding, and replace them with something that's a different style or color, but of no higher quality than what the flipper had put in two months ago.I could buy some land and get a home custom built, but that's easily $50-100k in added costs, from expenses such as a site plan from a civil engineer, utility hookup fees, impact fees, grading, excavation, pouring a foundation, and so on.So the remaining option is to find a home needing TLC (but which is generally structurally sound) where much of the interior is going to be ripped out anyway, hire a contractor, and do the work.

Asset protection is a form of insurance in that regard - insurance against litigation.

Mortgage companies require it as a civil matter because if the home burns down they want to be sure that their loan gets paid back or the structure rebuilt.

Hosmer, submitted a Petition for Order to Cease and Desist and Order to Show Cause Why Civil Penalties and Costs Should not be Imposed.

(California Civil code 1954) Property is in Santa Clara county in California.

The land trust and the LLC are the owner of the asset/real estate, so even in the scenario that potential litigants guess, they would guess wrong.