at the auction sale of my home the sale was stopped. i did not file bankruptcy. i have two mortgages own by investors need to make a decision to or to move?
You move out.
Not usually. Most local governments have foreclosure sale listings on their websites.
The bank will start foreclosure proceedings. They will file a complaint against you in court and seek judgment. The house can then be sold in a sale or auction.
Not until there is a foreclosure sale.
no
A foreclosure is the surrender of the property to the lien holder for nonpayment of the debt. A short sale is the sale of the property before the completion of the foreclosure in an attempt by the home buyer and the lender to avoid foreclosure proceedings.
Yes. Foreclosure includes a forced sale, usually at auction, which runs up the legal expenses and other costs in a hurry (survey, appraisal, publication, auctioneer's fees, etc). A surrender is much less complicated.
Yes. The tenant owes the rent to the landlord, right up until the foreclosure sale happens.
That is the date the home will be offered for sale at auction, usually on the steps of the county court house. The auctions are public and bids are accepted by any qualified buyer, including the prior homeowner.
Be aware that a pre-foreclosure property is not necessarily for sale. The pre-foreclosure stage is the period between the time in which a Notice of Default (in non-judicial foreclosure) or lis pendens (in judicial foreclosure) has been issued to the homeowner and after the property is sold at a foreclosure auction.
A short sale will have a detrimental affect on your credit record but not as bad as a foreclosure.
In California, after a foreclosure sale, the new owner can typically initiate eviction proceedings to have the occupants vacate the property. The exact timeline can vary depending on the specific circumstances and any legal actions taken by the former homeowner. However, occupants are usually given a notice to vacate the property before being forcibly removed.