After the sale it is the property of the new owner. Of you have anythingthat you really treasure and didn't get out, you should ask the new owner. While he probably will ot give you anything of real value, they do not want your pictures and stuff. Perhaps offering to help clean up would be a fair trade for some possesions?
They have no obligation to allow you access to anything you did not get out prior to the sale.
by definition, a foreclosed property has to have someone file the foreclosure usually due to them being owed money and the property is security on the property. This is not cheap or free. Hence, there is always a "buyer" out there which is often the lender.
You would be in default of the mortgage and the bank will take possession of the property by foreclosure. You would lose your home.
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.
in order for the bank to remove your personal property from your home the foreclosure must have taken place and you must being legally evicted first.
Sure this happens all the time. You can probably get a great deal on a foreclosure, make sure you get a home inspection and find out if there are any back taxes owed on the property, Happy Hunting
Personal property? All of it. There may be some limitation on major appliances, but the home furnishings are yours.
by definition, a foreclosed property has to have someone file the foreclosure usually due to them being owed money and the property is security on the property. This is not cheap or free. Hence, there is always a "buyer" out there which is often the lender.
Real property is not actually owned until the property is paid for in full. A buyer of a mobile home loses all ownership rights to the property when it is foreclosed on. A resident/buyer loses ownership rights to the property and will have to vacate the premises within the length of time specified in the foreclosure action.
You would be in default of the mortgage and the bank will take possession of the property by foreclosure. You would lose your home.
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.
in order for the bank to remove your personal property from your home the foreclosure must have taken place and you must being legally evicted first.
Anything not attached to home.
If a borrower defaults on loan payments for a manufactured home in Michigan, the creditor can take the manufactured home. If the manufactured home is real property the repossession and foreclosure is on the manufactured home alone. If the home is being used for residential purposes, the home is repossessed according to personal property laws.
Sure this happens all the time. You can probably get a great deal on a foreclosure, make sure you get a home inspection and find out if there are any back taxes owed on the property, Happy Hunting
The result is that you lose your home.
Purchasing a home in foreclosure is easy. Contact the agent that has the property listed for the bank, submit and offer, have an inspection and close on the house if your offer is approved.
A pre-foreclosure property has a delinquent loan and the owner is in imminent danger of losing his home due to foreclosure. His property has been listed as delinquent and will soon be taken into the custody of the lender. Buyers may be able to obtain a pre-foreclosure for 40 percent less than the home's market value, and the deal would close quicker than would a foreclosure.