The lender or the new borrower will send you a notice and may ask you to leave the house in 3 days. This is the maximum time you have. If you want some more time to leave the house, you will have to speak to the new owner of the house.
Posted: Wed Oct 08, 2008 1:13 pm Post subject: Foreclosure in SC
I got a letter that states it is a petion to show cause. It state it is a non-jury hearing for foreclosing on my home and the court date is October 17, 2008. How long after this will I be able to stay in my home. I have four children under 12 and I am a single mother. My lender is First Franklin.
Posted: Wed Oct 15, 2008 9:29 am Post subject: foreclosure
if the sale date is set for nov 17th, and its sold, isnt there a 10 day grace period to make sure everything was legally done? if this is true im wondering how long after nov. 17th i have to get my stuff out. my apt wont be ready until dec 1st. and im worried they will put a lock on the door and throw out my stuff. please help.
Posted: Wed Oct 15, 2008 10:59 am Post subject: when do i have to be out?
After a court ruling, the sale date occurs generally around 20-35 days after. The notice is published with the time, date, and location of the sale. For two weeks before, the notice of sale is published once a week.
The sale is usually overseen by the clerk, and normally takes place at the court house. Whoever makes the winning bid, must provide a 5 % deposit, and be able to pay the remaining balance by the end of that day. If this does not occur, a new sale date is set not less than 20 day later. A certificate of sale is given to the winning bidder.
Ten days after the sale, a transfer of ownership is given to the winning bidder, if there has been no dispute of the sale. Most of the time, the borrower has no right of redemption, once the certificate has been issued to the winning bidder. i was wondering if this is true do i still have those 10 days to move out?
It solely depends on the new buyer and your lender whether you will be permitted those 10 days. Generally, the lenders offer a 3 day notice period to the defaulter.
Posted: Wed Oct 29, 2008 4:06 pm Post subject: foreclosure filing
i just recevied a letter that says i have 20 days to respond how much time do i have in the house and how can i delay the process or try to work things out
I think you've received a notice stating the lender's decision to foreclose. Is that so? You should contact the loss mitigation department of the mortgage company/lender and try to work out a plan with them. In case you wish to keep the home, you can negotiate for a loan modification or a forbearance to help you get current on the loan.
There are a number of loss mitigation options available. Just check them out so that you can fairly negotiate with the lender.
Posted: Wed Nov 12, 2008 4:52 pm Post subject: 24 hour move out
i live in florida and a 24 hour notice was placed on my door today. my house was foreclosed and now the sheriff notice say's to get out in 24 hours...do i really only hav 24hrs or do i have longer?
You have mentioned that your house has been foreclosed upon. Can you tell me whether it is already sold or not? In case it is sold, the lender and the new buyer generally give a 3-day notice to the earlier owner to move out. If it is not sold, then you can negotiate with the lender and buy some time from him within which you will be able to move away from the property. You may even agree to pay a rent for that period of time.
In case the lender disagrees to this, then I am afraid, you will have to move out within 24 hours.
Thanks _________________ Good is the Enemy of Great.
jerry
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