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linkmanager1

Joined: 09 Mar 2007
Posts: 22
13.68 Dollars($)
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Posted: Tue Mar 13, 2007 1:15 am Post subject: foreclosure of home? |
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After foreclosure of home does new owner have to give previous owner time to vacate? _________________ Home Loans Uk
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sara
 Moderator
Joined: 05 Jul 2006
Posts: 1679 Location: New Brunswick, New Jersey
315.07 Dollars($)
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Posted: Tue Mar 13, 2007 2:32 am Post subject: RE: vacate property after foreclosure |
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Hi Linkmanager,
After foreclosure usually the new owner gives a notice to the previous owner stating that the latter should leave the property in a few days. In most cases, 3 days are given to the previous owner to vacate property.
Thanks,
Sara |
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miller_st

Joined: 17 Jan 2007
Posts: 917
168.92 Dollars($)
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Woodring
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Posted: Tue Mar 13, 2007 1:17 pm Post subject: |
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| LM, let me add one more thing, even after foreclosure the person has the right to recover his property by paying the outstanding dues to the lender which is known as Right of Redemption. |
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linkmanager1

Joined: 09 Mar 2007
Posts: 22
13.68 Dollars($)
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