Usually after 90 days. A good rule of thumb is 60 days after the first missed payment.
When the bank foreclosed on the house, they took it back. Now it's time to move out.
No, I can't
If it is not specified in the contract then it is likely at the descretion of the lender.
Yes you can
If you bought it yourself after you moved in, and before the house was siezed and sold.
You have rights as a Tenant and/or Former HomeownerIf Only 3-Day Notice to Vacate is posted you can delay the eviction a minimum of 6 months, up to 12 months. If the Unlawful Detainer has been issued, you can delay the eviction a minimum of 4 months, up to 8 months.My house was foreclosed on 6 months ago and I'm still in the property now. I went through a company in Santa Ana California.
Before buying a foreclosed property, one should have a rough estimate of how much they will pay for the house, by checking the prices of recently sold properties in the area. The buyer should also research the area, the house itself, to check for any problems, and should have the finance for the purchase ready before making an offer.
You can contact the lender or lien holder who foreclosed on the property and make your offer to them.
In the United States, foreclosure is covered by state law. There are 50 states in the Union. If your home is about to be foreclosed, you might be able to work out something with the bank. Sometimes, you can sign a quit claim deed and arrange to rent your house a few months until it is sold or something. It is best to act before the sheriff's deputy comes by and throws you and your furniture out on the front lawn.
The liens that predate the foreclosed mortgage must be paid such as a prior mortgage. The http://taxes.answers.com and any municipal services liens must be paid. Any mortgages, attachments, etc that were recorded AFTER the foreclosed mortgage get wiped out as liens against the property.
No the bank owns the house.
A foreclosed home can take seven years before it is taken off your credit report. You can build your credit back up in about three years if you continue to pay all your bills on time.