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Foreclosure timeline

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nsavory Joined: 28 Oct 2008 Posts: 2 1.63 Dollars($)	Posted: Tue Oct 28, 2008 12:49 pm    Post subject: Foreclosure timeline Like 0 Dislike 0 In Florida, how long do I have after the foreclosure hearing (where the foreclosure judgment will be made) to vacate my house? The estimated foreclosure sale date is not for 6 - 8 weeks after the hearing. Thanks!
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Tue Oct 28, 2008 8:27 pm    Post subject: Like 0 Dislike 0 Hi nsavory! Welcome to forums! As far as I know, in Florida, the foreclosure time can range anywhere from 6 months to a year. I think you can stay at the house until you receive an eviction notice. You will receive this notice when the sale of the property is complete. In the eviction notice you will be given 3 days time to leave the property. You can call the bank's attorneys and work out an agreement which will let you rent the house for a low amount until they find a buyer. Feel free to ask if you have further queries. Sussane
nsavory Joined: 28 Oct 2008 Posts: 2 1.63 Dollars($)	Posted: Tue Oct 28, 2008 8:41 pm    Post subject: Like 0 Dislike 0 So I do not have to vacate the house before the foreclosure hearing? I have been told by friends (who heard it from a friend, etc, etc) that I should clear everything out of the house by the date of the hearing. That has been my confusion - at what point does ownership legally pass to the bank? When is my last chance to move my stuff out? Thanks for your help, Nancy
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Oct 28, 2008 11:26 pm    Post subject: Like 0 Dislike 0 Hi nsavory! I think you will have to start moving out your personal property from the house as soon as you get eviction notice. As far as I know, the ownership of the property passes away to the bank as soon as you receive the foreclosure notice. It will be better if you can talk to the lender's attorney in this regard. Thanks.

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