My home has a foreclosure sell date for July 2nd. Do I have to be out on that date?
Question:
Answer:
What state are you in ?
I know in NY, You don't have to move on the same sale day.
You'll have at least 60 days or so to move out depending on who bought the house, they will have to give you notice to leave, in order to recover the property.
The same applies now like if you're renting and the landlord wants the property back.
This question has different answers depending on what state (and sometimes the county) that you live in. What county and state do you live in?
Another important question: do you know the options available to you in your particular situation? If not, reply to varnettp@yahoo.com and maybe I can help you.
Do a google search on your county name, state name and sheriff to get to their web site. You may find the answer there. If you are in Burlington County, New Jersey, for instance, here is what it says about the Sheriff's sale procedure for the buyer of foreclosed property:
A “Sheriff’s Sale Deed” will be prepared and ready in approximately two weeks after the sale. The balance due for the sale must be paid no later than two weeks after the sale date, in accordance with the conditions of sale. It is the sole responsibility of the purchaser to record the deed and pay the applicable fees in the County Clerks Office. It is the sole responsibility of the purchaser to notify the owner that they have purchased the property and now hold the deed to the property.
If the prior owner (defendant) does not voluntarily leave the property, the purchaser must apply to the court for a Writ of possession. Our office will serve the Writ upon the defendant(s) which will advise them to vacate the premises within a particular time period. If the prior owner (defendant) has not vacated by the date stated in the Writ, the attorney for the purchaser must set a date to have a moving van sent to the property and have the prior owner (defendant) personal belongings removed and stored in a place of safe keeping. The costs of the moving and storage of the prior owner (defendant) personal belongings are the responsibility of the purchaser.
Hope this helps!
You don't have to be out on that exact date, no. After the sale, the bank will start the eviction process, though, and once the eviction process begins, the court will grant possession of the home to the bank. The court will also issue an order to the county sheriff to evict all of the people and remove all of the belongings in the property.
The sale date is just the date that your home is auctioned off and is not the end of the foreclosure process. The eviction will be the absolute last day that you can move out of the property without being forcefully removed.
Hope that helps.
ForeclosureFish
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