When a house is sold in s take to evict t ita foreclosure auction how much time does it take to evict them?

Whenyour home is in foreclosure can a bank auction it off at any price and leave you with the difference or are laws in place stating how much they can auction it for I live in Ohio?

They can sell it for $1.00 if it is a auction and you can be libel for a deficiency judgment.

Can a tenant sue after the lease if they wont leave because the house is in foreclosure?

That tenant may be able to sue you if they can demonstrate that as a result of your actions (or in this case-inaction to pay the mortgage) they incurred financial damages. However, if this occurred after the termination of the lease, they may not have much of a claim, unless you failed to evict the tenant properly, and now they're being evicted due to the foreclosure.

Can expenses preparing a house for sale be deducted if foreclosure occurs?

Deducted from what? If a house is sold at foreclosure, expenses related to preparing the house for a normal sale are not relevant. Generally, expenses to prepare a house for a voluntary sale are not recovered in the sale, except for a few markets where demand for houses exceeds the supply, and even then the seller is better off just cleaning up cluttered rooms and making coffee or baking something chocolate while showing the house. If, by some chance, your house sells at auction for more than you owe and the fees for the foreclosure, it is unlikely any of the expenses would qualify as increasing the basis (how much you paid for the house), thus lowering your taxable gain.

Is foreclosure different from surrendering a home?

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.

What happens next when you own a house in Ohio that has a second mortgage and is now in foreclosure?

Either or both of the companies that hold your mortgages have apparently started foreclosure proceedings. You need to contact whichever ones are now processing the foreclosure (which may be both of them) and see if you can make arrangements to halt the foreclosure. This can be done in a number of ways, including rolling a payment back to the end of the loan period or paying the late payments up to date (which I imagine will require a loan), declaring a Chapter 13 bankruptcy (or possibly Chapter 7 bakruptcy -- 13 is more likely to keep the bankruptcy court from selling off the house anyway), or placing the house on the market and selling it yourself. If you don't stop the foreclosure, they'll evict anyone living there (about 33 days if properly conducted and unopposed), and eventually auction off the house on the courthouse steps. With the proceeds from the auction, the holder of your first mortgage will be paid off first. If sufficient funds remain after this, the second mortgage is paid off, and if money still remains, you'll be paid the difference. If the auction doesn't yield enough to pay off both mortgages, you'll still owe the difference. Houses selling at courthouse auctions typically don't bring nearly as much money as a regular sale so, if you can, stopping the foreclosure is likely the best course. If you have sufficient equity in the house, you can sometimes get the creditors to halt a foreclosure if you immediately place the house up for sale. If you go this route, be prepared to evacuate the house, get it in saleable condition, and get it listed FAST. In any case, foreclosure is usually the worst of all your options. Besides typically costing a lot of money, it puts a nasty hit on your credit that takes a very long time to time out. Most important, the worst thing you can do is to do nothing, sit back, and let this happen. Creditors usually select foreclosure as the last option -- it's a troublesome procedure and unlikley to end well for anyone. Talking to them will at least show good will. You should also consider getting some legal council. There are a few no-cost legal advice services that will answer questions about foreclosures for you. In most states, a properly run and unopposed foreclosure takes roughly between 2 and 3 months from the time you are served with foreclosure papers until the auction commences. NOTE: This is not presented as legal or investment advice. I am not a professional in these fields and I may well be wrong, so don't do anything that puts you at risk in any way based on this commentary. Please also note that answers offered over the Internet from well-meaning strangers in no way takes the place of consultation with an attorney or financial professional.

Will you get an eviction notice once your time is up on a foreclosure?

In almost all cases, you should receive a notice from the county sheriff's department at least a few days before the scheduled eviction. However, it is never a good idea to trust government bureaucrats to be efficient, as that is one thing they almost never are. There are numerous other ways to find out how much time you have, other than trusting in someone from the sheriff to come and post a notice on the door. First of all, you should know when the county foreclosure auction took place. That will give you a good idea of when your ownership interest in the property was transferred to the high bidder at the auction. Then, you should look up the state foreclosure laws to determine how much time homeowners have to stay in the home after the sheriff sale. Some states allow for a redemption period where the foreclosure victims are given more time even after the sale in order to pay back the amount they owed on the house. Redemption periods differ widely by state, with some having just a few weeks to others having up to a year after the foreclosure auction. Of course, other states do not have a redemption period at all. This is why it is essential to look up the state laws, so you do not move out the property too soon or too late. But the court, after the sheriff sale is over, should send you a notice to appear for the eviction hearing. At this hearing, the bank will be given possession of the house and an order will be given to the county sheriff to evict the former homeowners. However, the most important reason to go to this hearing is simply to get more time to save the home or move out of the property. The judge can grant you a few extra days or weeks to obtain a new apartment and begin moving out. This can't be done, though, if no one shows up for the hearing in the first place. The lender will just be given possession and the order will go out to the sheriff to evict as soon as possible.

How long after foreclosure can you stay in your house in Colorado?

You can usually stay at least 30 days in your house. Some banks or companies may extend much more time to you than this.

In World of Warcraft how much is a deviate hatchling worth in the horde auction house?

Realm specific question.

What is Arkansas law on eviction after foreclosure?

Legally how much time for eviction after foreclosure in arkansas?

Can you lose more than your house in a Foreclosure?

Yes, you can lose as much property and wages as it takes for the lender to recover all of the value you promised to repay.

Who do I contact to find a Foreclosure Auction?

Locally, your best bet is to follow the foreclosure posts in your local newspapers- foreclosures have to be posted by law. If you can get an in with a credit company or bank, so much the better for you. There are TONS of listings online, but you have to pay for most- most low end buyers who profit from "flipping" haunt their registry of deeds, local court, and the newspapers.

How much was the last oboe sold for at auction?

I don't have real-time data access or updates on specific auction results, including the sale price of the last oboe sold at auction. For the most accurate and current information, you would need to check recent auction house listings or their official websites.