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foreclosure of home?

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Icon Mini Profile linkmanager1





Joined: 09 Mar 2007

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Post 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?
Icon Mini Profile sara
sara
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Location: New Brunswick, New Jersey
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Post 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
Icon Mini Profile miller_st
miller_st




Joined: 17 Jan 2007

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Post Posted: Tue Mar 13, 2007 12:19 pm    Post subject:
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Linkmanager,

Someone had previously asked a similar question on this topic, kindly have a look at the replies other members had given - http://www.mortgagefit.com/know-how/foreclosureeviction.html

Miller
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Post 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.
Icon Mini Profile linkmanager1





Joined: 09 Mar 2007

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Post Posted: Wed Mar 14, 2007 12:02 am    Post subject:
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Thank you very much sara, for your answer.
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