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Aileen Jones
How long can I stay in the property after foreclose?
Submitted by sanjorge
from CA
- 12/20/2008 - 3:02pm
If I receive the sale notice and after 21 days the property is sold in the auction or is reposesed by the bank, how long can I stay in the property? Are they obligated to give me a notice to vacate the property? If the bank takes the property will they give me time to move out? What if the property is purchased by a private party, should I expect a notice to vacate the property? or would they allow me a reasonable time to move out? Thank you for your help. Jorge.
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Jorge -
This depends on what state you are in - If you are in CA, then the bank (or private party) will post a 3 Day Notice to vacate the home (after foreclosure) - depending on which bank, it sometimes will take them a couple days to coordinate this. On a more practical matter, they will generally offer you "cash for keys" and give you $1000-$3000 to leave within a certain time frame (7-14 days) and leave the home is "broom clean" condition. They do this because the cost of eviction and risk that the homeowner will steal things from the home or leave the home damaged is much greater then the cash for keys.
A tenant has 60 days to vacate in CA if the home was foreclosed upon and they are a tenant in sufference.
Hope that helps.
BOB
bob@inspiragroup.com
949-600-5404
Is there any chance that I could get the same information, except for the state of Kansas?
Will I ever be able to find a place that will rent to me after a foreclosure, or am I destined to be a 46 year old who lives with her parents?
I am in CA and was just notified by my landlord today she would no longer be able to rent to me as she was turning over her keys to the bank on March 31, 2009. I have searched public records for notice of default, but have found none so far. My previous one year lease expired in Sept. 2008 and I was never given a new one. The landlord asked me to be out by that date. Do I have to vacate by that date since the foreclosure hasn't taken place? Would I be eligibile for a cash for keys agreement with the bank?
With no lease and plenty of notice you would not have a valid legal reason for staying beyond that date regardless of foreclosure. You could stay and force them to evict you, but then you may screw up whatever deal she made with the bank (creating liability for you) and you could even end up with an eviction on your credit report.
With no lease and plenty of notice you would not seem to have a valid legal reason for staying beyond that date regardless of foreclosure. You could stay and force them to evict you, but then you may screw up whatever deal she made with the bank (creating liability for you) and you could even end up with an eviction on your credit report.
how long does foreclosure take in NCd
I have been renting a property for 11 months. It is in a short sale the the bank holding the 2nd is not accepting the offer, The (offer Potential Buyer) agreed to rent the house to me, that is why I stayed. Now I am told the Bank Wells Fargo who hold the 2nd is not going to accept short sale offer. That the house will forclose on April 4, 2009 All verbal. The first is Citibank. How much time will I have to move? I am in Arizona and AZ law is different.
Thanks,
Barbara
I am going to lose my home to foreclosure in 10 days if my lender does not approve a modification. As the homeowner I turned part of my house into a studio apt. and have a tenent living there. Will he have to vacate the same day I have to?
Ok well, you could have went and talked to the bank that you were paying your house bills to, they can usually find a solution, so your house wont go on foreclosure. And you will have to vacate out of the house when the police officer comes and gives you a final notice, its usualyy 72 hours to 7 days, where u have to move out of the house, after that the propert becomes HUDs.
Mimi - While I agree the homeowner should certainly talk to their lender, the reality is that it will only sometimes result in a solution as many lenders are non-responsive, or offer "solutions" that are worse than walking away.
Also note that in CA the eviction process takes quite a while, and the Sheriff is only sent as a last result, typically months after the foreclosure occurs. Also HUD rarely ends up with CA Foreclosures.
If my house is set for auction on lets say February 5th, when will I have to vacate the premises, and I will I get further notice. This is in Arizona..
How much time do I have to move out of house after court auction? Will I get further notice? This is in the state of AZ.
Can someone please tell me how long I have to move out of my home after it has been foreclosed on here in San Bernardino, California?
The trustee sale is 1/21/10 in San Bernardino Calif.
Is there anyway to get 30 days or more to move?
And is there a way to rent it back?
Also how do you get Cash for Keys?
I have no money to move with.
And is there a difference between my bank buying my home or if a private party ends up buying it?
Thank you for any advice.
Steff
Someone will knock on your door in the near future on behalf of the new owner. Shouldn't matter much whether it is the bank or an investor. Tell them you are in no position to move, and ask if they will rent the home to you, or give you cash to move and leave the home clean. Negotiate the best deal you can.
Thanks, is there any chance I could come home from work and be locked out of my home with all my belongings and animals inside?
That's what scares me the most.
I just need a little more time and some money to move.
Thanks again
Steff
Very unlikely, and clearly illegal to do that in CA if it is clear someone is living there (furniture, animals, etc).
Thank you so much for you help
Steff
I was told that after foreclosure, california law will allows me to stay in the home 18 months after the notice to move has been completed? Is that true?
If you rent and have a lease, perhaps. If you were the owner you will get a 3 day notice to quit (leave).
Hey my sale date was Feb 2,10 ...how long do i have be b4 i have to move if no one have purchased it yet will HUD step in and will i be able to rent it from them or can i do a cash for keys ...im in GA
In 2008 Countrywide started foreclosure then stopped foreclosure in the middle of it all. They sent property management to my home and because we were at work decided to winterize and lock me out. They went through all our things dumping it all over the house. We still lived there and owned the home. What kind of laws did they break ? And who do we go after property management , Bank of America or Countrywide that no longer exsists ?
I am in florida and my home was foreclosed on 02/16/2010. I haven't received any notice of sale or anything from the foreclosure. Does anyone know how long do I have before they evict me and how much time do they provide once they notify me. Any info would be appreciated. The bank is US Bank
I live in Virginia, I just received a letter saying my house was going up on auction March 18, 2010. How long to I have before I have to move out?
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