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No, but 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. If its not too late then check the details to stop or avoid foreclosure or contact some professional.
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If your house was in foreclosure what would be your greatest need?
My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
A house that is lost to foreclosure has been?
taken back by the lender
Can you put a house for sale in foreclosure?
You can put a house up for sale in foreclosure, but the foreclosure process could happen before the house sells. It doesn't make any sense, if you would like to sell the house, do so before foreclosure.
Is a deed in lieu of foreclosure better than a foreclosure on your credit report?
Yes. Answer {| |- | This is where you are unable to pay for the house and you voluntarily give the house back to the lender. This is subject to a deficiency judgment yet counts as a "less serious" foreclosure on your credit. However, you lose your greatest asset, your home. |}
How can a Delinquent timeshare be reported as a foreclosure?
A timeshare is a similar contract to a house and requires regular payments. This can be reported as a foreclosure if you have abandoned payments and the company is taking back their property.
If your house was in foreclosure what would be your greatest need?
My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
What are landlords obligations to renter if he breaks lease because he is in foreclosure in the house he live in and wants to move back into rental?
He can't break the lease.
A house that is lost to foreclosure has been?
taken back by the lender
Landlord says house in foreclosure I want to break lease and move Can I?
The foreclosure sale will function to terminate the lease. However, until the foreclosure sale takes place, the owner is still the owner, and the lease remains in effect.
Can you put a house for sale in foreclosure?
You can put a house up for sale in foreclosure, but the foreclosure process could happen before the house sells. It doesn't make any sense, if you would like to sell the house, do so before foreclosure.
When your house is in foreclosure when do you have to move?
When the property is sold at the foreclosure sale and the deed is made public record, the property is no longer yours and you must leave immediately. If you do not leave, the new owner can have you removed.
Is a deed in lieu of foreclosure better than a foreclosure on your credit report?
Yes. Answer {| |- | This is where you are unable to pay for the house and you voluntarily give the house back to the lender. This is subject to a deficiency judgment yet counts as a "less serious" foreclosure on your credit. However, you lose your greatest asset, your home. |}
How can a Delinquent timeshare be reported as a foreclosure?
A timeshare is a similar contract to a house and requires regular payments. This can be reported as a foreclosure if you have abandoned payments and the company is taking back their property.
What is the house foreclosure process?
Foreclosure is governed by state law, different states can observe different foreclosure procedures. In foreclosure, the lender, mortgagee, automatically becomes full owner of the property when a borrower, mortgagor, defaults. The borrower can still pay the full amount and get the house back during the redemption period. If the money is not paid back, you will lose the ownership of the house. Then the house will be sold at a public sale or auction to pay for the full loan amount, if the sale is less than the amount owed, you will owe the difference.
In foreclosure is it illegal to evict former owner without notice?
No, it probably is not illegal. Once you have the notice of foreclosure, then you should make plans to move. Some companies move faster than others, but basically if you are not paying for the housing, you have no right to remain in the house.
When your house goes into foreclosures how soon do you have to move out?
You must have your possessions removed prior to the foreclosure sale. Once the property is sold you have no right to be there.
How would you know if the house is under foreclosure?
The house that is already foreclosed is a public record which means that you'll be able to find the foreclosure at the registry of deeds in your jurisdiction.If the foreclosure has not been completed you may find a notice to foreclose in the public records. However, in many cases the notice is all you will find. Lenders often hold back on recording a foreclosure until the property has been sold.
