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you have the right to leave. seriously they give you a reasonable amount of time to find and moveto another place. you have the right to not be held responsible for owing any money if the house doesn't sell for the amount you owe . other than that you don't have many rights except to come up with the money you owe the bank that you are in arrears for. this is sometimes called the right of first refusal
What else can I help you with?
When your forclosed home sells are you responsible for the shortfall?
i live in SD and my home was sold in foreclosure,how long do i have before i have to move out of it.
Can a parent purchase their child's home if it is going into foreclosure?
As long as it hasen't been forclosed on yet. And they pay all the legal fees to do it.
When a home is foreclosed on who is responsible for paying property taxes?
Well, if the bank has forclosed they are but can seek the monies from the new buyers. If you bought the tax certificate then you do.
Can a forclosed property be sold for any price?
Yes.
Who is responsible if parents die and their home has forclosed?
If you're in the US... Their estate is responsible...meaning that expense (along with others) gets paid before any funds are distributed to their heirs.
Can 1099 independent contractors be garnished in Maryland for forclosed property?
Yes.
If your rental property is forclosed, will you loose the house you currently live in ?
there is a possibility that will happen becuase it is a rental property not a leased or buying option where you would have more options to keeping if you were a home owner.
What happens when you have 2 homes one in your name and one in yours and your wife's name and the first one gets forclosed on?
You lose that home, whoever had their name on the foreclosed home has a blight on their credit, and will be liable for any money not covered by the eventual resale of the home by the lender. Nothing happens to your other home.
If your house in foreclosure and is up for sale can it still be forclosed on by the lender?
Yes, the act of listing your home for sale will not stop or stall the foreclosure proceedings. Homes can be listed for sale for months and even years.
When a mortgage is forclosed with federal tax lien does the lien get paid prior to mortgage?
yes
When was Home for Human Rights created?
Home for Human Rights was created in 1977.
What is the process of buying forclosed homes?
The process of buying foreclosed home is to either go through a real estate agent or public auction. Determine what you can afford. Get the property inspected. Get up to date title information.
