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Michigan Friend
Guest
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| The property was not sold at the Sheriff Sale. She was told to call the sheriff and ask them what the procedure is and she has not done that yet. I just don't want to see her lose all her belongings if he locks it when he comes. Thank you for all your help. |
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jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
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Hi Guest,
A lender can foreclose the property only if she has defaulted on the mortgage payments. I would suggest that she should contact the lender and check if a loan modification is possible in her case.
If the lender does not accept a loan modification, then the property can go into foreclosure. Once the foreclosure sale is complete, she will have to leave the property within 3 days. However, if she wants to extend the time period, she can negotiate with the new buyer of the property.
Thanks |
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mrs. nicloe82
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Post subject: I live in Michigan and i go for a forclosure evition today |
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| I was wondering how long will they give me to move out after the hearing today and i thought when you claim bankrupty that holds off the sale of your house |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Hi
Have you filed bankruptcy? If you have, then yes, it will put a stop on any legal action taken by the lender, be it foreclosure, garnishment or any other action. You won't have to vacate the property until the bankruptcy judge takes a decision. You can also stop the foreclosure and keep the house through a reaffirmation. |
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Gracie
Guest
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Post subject: Foreclosure |
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| My lender says not to fall 3 mos. behold I don't have the cash they will foreclose in 3 days from today now what can I do or how long can I stay before the sheriff comes. |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Hi Gracie,
I don't think a foreclosure in three days in possible. It'll take a few months for the lender to complete the entire process of foreclosure. Even after the house has been sold off at the sheiff's auction, the borrower is generally given a redemption period of about 6 months during which he/she can reclaim the property. |
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Sharon
Guest
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Post subject: Forecloser |
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| I just received notice that my bank will start forecloser proceeds on May 4th, if I don't make a payment by then. I do not have the money, so my question is how long after that do I have before I have to move out? |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Hi
It depends on the lender. If they are keen on a foreclosure, it might not tke long. But otherwise, it will take some time to complete a full foreclosure procedure. Some states also provide a redemption period of 6 months when the borrower is allowed pay off the mortgage and keep the house. |
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mikeandrew
Guest
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Post subject: forclosure |
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| this is my daughter's home. She moved out of state, and I have ben living here.. The house was forclosed, and sold at auction on the 28th of April. I rec'd a notice to vacate within 10 days. If I am unable to do so, and the new owner gets an eviction judgement, what time frame am I looking at? Thanks |
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jenkin7
Joined: 04 Jun 2007
Posts: 4537
Location: Hawaii
728.43 Dollars($)
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Hi mike,
There is no such specific time frame to vacate the property. It depends on the situation. If the eviction notice gives you a time of 10 days, you are expected to move out of the property within those 10 days. But you can definitely negotiate with the new owner and extend the number of days. In most of the cases, they do consider your situation and offer you more time so you can look for some alternative options. |
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otis
Guest
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Post subject: I have to move |
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| I received a court ordert o be out in ten days I am in Alabama I have no where to go what can I do to until I find a place to go I am suppose to be out of here by 5/21/09. |
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maggiech1@hotmail.com
Guest
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Post subject: foreclosure |
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| how much time do foreclosure start afther i stop payment on my home how many month before i have to moved |
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jenkin7
Joined: 04 Jun 2007
Posts: 4537
Location: Hawaii
728.43 Dollars($)
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Hi otis,
I think you should talk with the lender and ask them to allow you more time so you can find a suitable place to move to and vacate the property.
Hi maggiech,
The time to complete a foreclosure process varies from lender to lender. But normally when you are at least three months behind on your payments, they send you notice of default and start the foreclosure procedures. It takes about 3-4 months or more to complete the foreclosure. In some states, the borrower is allowed a redemption period of about 6 months within which they can buy the property back. Thus, you are supposed to get enough time to move out after the property is foreclosed. |
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Andi
Guest
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Post subject: foreclosure |
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| I have a summon to appear in court today 6/01/09 for eviction proceedings. My home is being foreclosed on. How much time do I have after this court date? Michigan |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Post subject: |
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Hi
It depends on your lender how much time you'll get before you're asked to vacate the property. But you can stay in the property until it is foreclosed on and sold at the sheriff's auction. Even after the auction, you are allowed a redemption period of about 6 months during which time you can occupy the property. This redemption period varies according to the state laws. |
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