How much time do you have to move out after a house has bin auctioned off do to foreclosure?
Question:
Answer:
It depends on the state laws that govern the foreclosure process. Some states will allow the lender to proceed with the eviction process immediately, whereas other states have a redemption period after the sale.
In states where there is no redemption period, the sale will usually be confirmed within 1 week to 30 days after the sale. After the sale has been confirmed, the lender can ask the courts for possession of the property, and an order for possession is given to the county sheriff. Then, within another 2 weeks to a month, in general, the sheriff will show up and evict any people/belongings still in the property.
If you live in a state with a redemption period, however, you may be able to keep possession of the property for a period of months or up to a year, depending on state law. It is only at the end of the redemption period that the lender can pursue the eviction proceedings.
You're better offer searing online for your state's foreclosure laws and finding out what the redemption period is. If you have a redemption period, you have additional time to find a solution to keep the home, or sell it and pay off the amount that you were behind.
Good luck.
ForeclosureFish
http://www.foreclosurefish.com/...
Immediately, it's not your property anymore! If you force the new owner to evict you, they can get a judgment for rent & court costs. Now you have a foreclosure AND an eviction on your record, good luck trying to rent an apartment with that!
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