They bought it over 2 years ago, April 2015
I doubt that it will be rescinded.
I think the old owner had a 90 day redemption period where they would have bought it back for auction price plus 10% APR interest… maybe 93k after 3 months. That’s why the new owner sat quietly.
And I agree. These is not some to be evicted borrower in East San Jose. These people will give them headaches. But I think in the end, the investor couple will prevail. The city or the accounting firm may suck up some though.