How long can u stay in a house after a foreclosure sale?
Jul 16, 2009 in
Financial and Loan Tips
Frankie
A friend of mines house is going into foreclosure. It will be sold soon. Do they have to move right away after its sold or do they have a little bit of time?
A friend of mines house is going into foreclosure. It will be sold soon. Do they have to move right away after its sold or do they have a little bit of time?
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4 comments
zoe1594 on July 18, 2009 at 1:39 pm
I would say that is up to the person who is buying the house in the forclosure sale. The buyer may demand your friends are out by the closing date – if their is one in a foreclosure – It is not their house any longer so I would guess they better have someplace else to go!
Terrence B Knows on July 21, 2009 at 7:11 pm
if they know its going to be sold
why not get to planning the move so they can be ready
or move before one when it comes time to move
don’t just wait around for it to happen
BOB F on July 22, 2009 at 10:42 am
Once a house is sold at a foreclosure sale, it has a new owner. In almost every state, it takes a court order to get someone evicted.
The process of getting a court order can take from a few days to months depending on how busy the courts are and if the person in the house wants to fight the eviction.
BOB F
darinfrantz on July 25, 2009 at 10:05 pm
First you need to determine if there is any redemption rights in your state. The redemption period can be up to a year after the sale.
Here is a chart that lists all state redemption periods: