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When I buy San Diego Foreclosures and REO'S, Do I still Get a Bundle of Rights?

There are "bundle of legal rights" that are transferred from seller to buyer when you purchase San Diego REO'S and foreclosures.  These are the rights of the holder of title to the property. 

• The right of possession - the person that owns the title to the property owns the property;

• The right of control - the property owner controls the property's use;

• The right of exclusion - the property owner has the right to exclude others from using or entering the property;

• The right of enjoyment - the property owner can enjoy the use of the property in any legal manner; and

• The right of disposition - the title holder can sell, rent or transfer ownership or use of the property at will.

Holding title to the land means having ownership of land.  The evidence of that title is the deed.  When the property is sold, the seller executes a deed to transfer title to real property, and the bundle of rights that go along with it.

Most buyers are confused by this list of rights, but once explained seems obvious as rights of a new home owner.  Buying and selling of Real Estate is a legal transaction that spells out all terms and conditions for all parties.  Failure to put this bundle of rights in writing would fail to make the real estate transaction legally binding.