Is there help for someone in foreclosure/to stay in there house if someone buys it?
Question:
Answer:
Probably not, and if you refuse to vacate expect a visit from the county mounty to evict you within a short time. But, it is really up to the buyer and whether you can work something out with the buyer.
Many people buying foreclosed homes do so to rent them out. Go to the auction, and ask the winning bidder.
There is a possibility you might be able to stay there if the person who buys the property is an investor and is just looking to rent it out anyway. But if the person who buys it is a family, or a "flipper" than probably not.
No they will not let you stay there. Lets be realistic for a moment. YOU got foreclosed on, which means you cant pay for it, so why would you think an investor would rent it to you?
Here is the hard truth, you have 6 months after your home is auctioned off at the sherrif sale. After that you will be out.
What could happen though is you agree with the bank to vacate the property right now and they might give you a grand to start walking so they can get rid of it faster.
It depends on who buys it and their intended use of the property. As a rule of thumb it is NOT a good idea to allow the homeowner to stay in the property for all parties concerned. Realistically, unless a real change in their finances is about to occur, they probably will not be able to afford the rent.
It depends on situation. What I mean how you sell your house. These days many people can have chance to stay at their homes after being sold in a form of rent. Try "Foreclosure Service Company", they find and set up situation according to what you want.
If someone wants to buy your house and you want to keep living there, you'll have to work that out between yourself and the purchaser. For the right price, of course, I'm sure an investor would let you continue to live in the property after you sell it.
Investors do this all the time to help homeowners stop foreclosure and start getting back on track. Some states are enacting more regulations on investors and homeowners to make these deals more difficult to do, so check the recent laws in your state. The problem was caused by a lot of investors taking advantage of homeowners.
But as long as you work out a mutually beneficial deal to sell the house, pay the investor, and keep living there, you probably won't run into any issues.
Good luck,
ForeclosureFish
http://www.foreclosurefish.com/...
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