Comments on: How long do I have till I get kicked out? Foreclosure question? http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html Loan and Financial Info Mon, 01 Feb 2010 15:06:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: foreclosurefish http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html/comment-page-1#comment-2905 foreclosurefish Sun, 03 Jan 2010 11:30:03 +0000 http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html#comment-2905 You may have about 7 months to stay in the property if the bank is not starting the foreclosure process until January 11, or thereabouts. This is because Illinois has a redemption period before the property is sold at sheriff sale. This period would give your landlord time to catch up the payments, refinance, sell the property, etc. Once the home goes to sheriff sale, it is usually about 30-45 days after that that the sheriff will actually evict everyone from the property. You should get at least a 3-day notice before the sheriff and eviction crew show up at the building. As long as the bank does not declare the building abandoned, then your landlord will have the redemption period to find a solution and stay in the property. Good luck. ForeclosureFish You may have about 7 months to stay in the property if the bank is not starting the foreclosure process until January 11, or thereabouts. This is because Illinois has a redemption period before the property is sold at sheriff sale. This period would give your landlord time to catch up the payments, refinance, sell the property, etc.

Once the home goes to sheriff sale, it is usually about 30-45 days after that that the sheriff will actually evict everyone from the property. You should get at least a 3-day notice before the sheriff and eviction crew show up at the building.

As long as the bank does not declare the building abandoned, then your landlord will have the redemption period to find a solution and stay in the property.

Good luck.

ForeclosureFish

]]> By: trblmkr30 http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html/comment-page-1#comment-2904 trblmkr30 Fri, 01 Jan 2010 05:04:08 +0000 http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html#comment-2904 The landlord is an idiot - he could have possibly sold the property before it went into foreclosure. As for how long you have, first off, quit paying rent. Right now, the only place the rent is going is into the landlord's pocket, and since he's not paying the mortgage, there's no reason to pay him. This should allow you to save some money to put down for security deposit. Also, you should ask for, in writing, your security deposit back. Send it certified, and if you get nothing, take the landlord to court in small claims court. As for notice, I'm sure they'll give you very little notice. I'd call the county offices and ask them how long it has been since the foreclosure sale. Then ask them how long is left on the redemption period. That's probably how long you have left in your apartment. Good luck on finding a new place - you probably want to do it soon. The landlord is an idiot – he could have possibly sold the property before it went into foreclosure. As for how long you have, first off, quit paying rent. Right now, the only place the rent is going is into the landlord’s pocket, and since he’s not paying the mortgage, there’s no reason to pay him. This should allow you to save some money to put down for security deposit.

Also, you should ask for, in writing, your security deposit back. Send it certified, and if you get nothing, take the landlord to court in small claims court.

As for notice, I’m sure they’ll give you very little notice. I’d call the county offices and ask them how long it has been since the foreclosure sale. Then ask them how long is left on the redemption period. That’s probably how long you have left in your apartment.

Good luck on finding a new place – you probably want to do it soon.

]]> By: Nek http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html/comment-page-1#comment-2903 Nek Tue, 29 Dec 2009 14:46:36 +0000 http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html#comment-2903 Is there any chance the new owner will let you stay? I know that is what happened to my apartments last year. We had no clue it had foreclosed till after it happened. Is there any chance the new owner will let you stay? I know that is what happened to my apartments last year. We had no clue it had foreclosed till after it happened.

]]> By: Tim B http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html/comment-page-1#comment-2902 Tim B Tue, 29 Dec 2009 00:15:47 +0000 http://www.fn-live.com/how-long-do-i-have-till-i-get-kicked-out-foreclosure-question.html#comment-2902 You are involved in a situation where your rental payments could be easily stolen.. contact an attorney to preserve your rights... Or just rent another apartment if that looks like an easy way to deal with the mess... You are involved in a situation where your rental payments could be easily stolen.. contact an attorney to preserve your rights…

Or just rent another apartment if that looks like an easy way to deal with the mess…

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