Goes thru the legal channels and get a eviction notice and court date. 3 months have passed, judge orders the squatter to move out in 10 days.

I just purchased a home in Huntington Beach, California (Orange County) last week at the court house steps. 

Aside from taking this matter to court for about $1000 in compensation, is there anything I can do?

we went to court on 9/4 and the judge order eviction served by sherriff.... and told them to be out before sherriff got there  if they was smart... what does eviction served by sherriff mean....does it mean that if they are not out the sherriff will put the out when they show up.

And small claims court should be relatively easy and cheap to file, so you might want to look into that.

The escrow company is not going to protect you from a lawsuitAs a business owner you need attorney to "act for you"That means you tell him what you want to do and they draft the agreementsIf you get sued they represent youRealEstate is not buying and selling cars, residential real estate has risks, and you need to protect yourself from those risksRealize if you go to court when you buy own terms such as lease option, contract for deed, wraparound mortgage, installment sale, these are all tools that are on, if you're doing it as a business, you're the expert, and the seller can claim that he was tricked,  blah blah blahPlease don't do this business without having legal advice@Jeff V

And I do have a good amount of evidence to prove it (photos, emails) and I also have the support of my new tenants who are willing to help me in court about all this (they are just as fed up as I am about this company and want justice). 

In other words, "China is now exporting there burst bubble to Canada,  Toronto developers actively looking to pump more hot air in an already over inflated market."See Globe and Mail Article.

The foreclosure was actually dismissed through the courts, so the house is just sitting in limbo. 

I doubt he would want to be hauled into small claims court for non-payment of rent.