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Foreclosure

How long do you have to move out of a home that has been foreclosed?

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2011-09-13 00:49:36
2011-09-13 00:49:36

Depends on the state. It could be anywhere from 30 days to a full year. Check your loan documents they will usually have the information in there in the Warranty Deed.

I shall take my state, Georgia, as the basis for my answer. In this state you have 30 days from the decleration of foreclosure by the bank. That's it. You have 30 days to pay the amount to settle the foreclosure which normally is the 3 months of backpay on the loan plus the lawyer fees. If you do not pay, on the 31st day law enforcement will show up to forcibly move you out. This is no joke in this state. Either you pay the fee to stop the forclosure or sell the house. If you don't your posterior is on the street.

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