What happens when your house goes in foreclosure?
Jan 10, 2009 in
Financial and Loan Tips
Kristi D
My house is now in foreclosure, and we received notice that it is going up for a public auction. If the house. sells at the auction how long do I have to get out of my house?
My house is now in foreclosure, and we received notice that it is going up for a public auction. If the house. sells at the auction how long do I have to get out of my house?
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5 comments
Chris J on January 12, 2009 at 8:26 pm
90 days since the last time you make a payment
RainCloud on January 14, 2009 at 2:21 pm
It is normally 90 days; however, if you need extra time, you must get that approved by the people whom bought the house and it is up to them if they allow you an extension.
Shari C on January 15, 2009 at 2:38 pm
My moms home went into foreclosure after almost a year of her not making any payments. My husband and myself saved the home the morning of the auction, but if we hadn’t saved it, my mom was told she had 60 days to get out. It also depends on how things work from state to state and in different county’s, town and cities.
shacker2762 on January 17, 2009 at 5:15 am
Seriously, if you haven’t begun packing, do so right away. Also, if you haven’t got a place to go, start looking for a rental immediately. It really depends on the state but you typically have 60-90 days after you’ve received the notice of default. Since you’ve already gotten the auction notice, you should now be ready to move at a moments notice (the default notice should have already gotten to you). If the place is sold at auction, you’ll be at the mercy of the new owners who can legally charge you rent or have you forcibly removed by law enforcement typically on that same day since they own it.
Amanda on January 20, 2009 at 7:19 am
dang, im sorry to hear that.
id say. 60 days