Comments on: After a home is put through foreclosure, where does the person living in it go? http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html Loan and Financial Info Mon, 01 Feb 2010 15:06:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: foreclosurefish_com http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html/comment-page-1#comment-2369 foreclosurefish_com Tue, 15 Dec 2009 21:56:52 +0000 http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html#comment-2369 No, borrowing money and not paying it back isn't a criminal offense, so there won't be any jail time involved. Unless he committed some type of massive fraud and lied to the government about it, there's little reason even to expect a criminal case to be brought against him. Jail probably isn't even a remote possibility. Now, as to the question of where he will live, that's entirely up to him. Does he have a job? Maybe he can afford to move into an apartment and make lease payments and start working on getting his credit back in order. If he's really in a bad situation, he might have to move in with friends or family, until he has some stable income and can make it on his own again. There's no real shame in having to do that, as everyone falls on bad financial situations in their lives. And the economy right now is not conducive to finding good jobs and living well. If all else fails, there'll probably be nowhere for him to go. He'll have to be homeless for at least a while. And then anything could happen. But hopefully it won't get to that point, of course. Hope that helps. ForeclosureFish No, borrowing money and not paying it back isn’t a criminal offense, so there won’t be any jail time involved. Unless he committed some type of massive fraud and lied to the government about it, there’s little reason even to expect a criminal case to be brought against him. Jail probably isn’t even a remote possibility.

Now, as to the question of where he will live, that’s entirely up to him. Does he have a job? Maybe he can afford to move into an apartment and make lease payments and start working on getting his credit back in order.

If he’s really in a bad situation, he might have to move in with friends or family, until he has some stable income and can make it on his own again. There’s no real shame in having to do that, as everyone falls on bad financial situations in their lives. And the economy right now is not conducive to finding good jobs and living well.

If all else fails, there’ll probably be nowhere for him to go. He’ll have to be homeless for at least a while. And then anything could happen. But hopefully it won’t get to that point, of course.

Hope that helps.
ForeclosureFish

]]> By: lisa s http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html/comment-page-1#comment-2368 lisa s Sun, 13 Dec 2009 19:33:34 +0000 http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html#comment-2368 how good of a friend is he to you? He is going to need a place to live so you have to consider the level of friendship...maybe he can stay with you? If this is not an option you might have to think of a nice way to tell him this.... see about helping him review his options NOW he will need to start looking for apartments or he might even need to apply for state aid either way this friend really could use your help or so it seems how good of a friend is he to you?
He is going to need a place to live so you have to consider the level of friendship…maybe he can stay with you? If this is not an option you might have to think of a nice way to tell him this….
see about helping him review his options NOW
he will need to start looking for apartments or he might even need to apply for state aid
either way this friend really could use your help or so it seems

]]> By: doglover http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html/comment-page-1#comment-2367 doglover Sun, 13 Dec 2009 10:04:15 +0000 http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html#comment-2367 He won't go to jail, but he will have to find a place to live on his own. He won’t go to jail, but he will have to find a place to live on his own.

]]> By: mrs_nisius http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html/comment-page-1#comment-2366 mrs_nisius Sat, 12 Dec 2009 08:54:56 +0000 http://www.fn-live.com/after-a-home-is-put-through-foreclosure-where-does-the-person-living-in-it-go.html#comment-2366 he will be homeless. he will prolly live with you. he will be homeless. he will prolly live with you.

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