Posted on: 02nd Dec, 2009 09:27 am
I have a 1st and 2nd mortgage. I filed chapter 7 last year and both accounts were closed. I have been paying both mortgages to stay in the house but can no longer continue to do so.
The 2nd mortgage as been "written off" by the bank. The 1st mortgage is in foreclosure status and scheduled to be sold at the County court house in Jan.
If no one buys the house does it remain up for sale till someone does?
Can the bank force me to move before the house actually gets sold?
Once it sells does the new owner have to get an order of eviction to force me out of the house? Does the bank need a order of eviction?
I am trying to figure about how long I would have left to stay in the house and if I will get a notice with time to move.
This is in the state of Georgia.
Thanks
The 2nd mortgage as been "written off" by the bank. The 1st mortgage is in foreclosure status and scheduled to be sold at the County court house in Jan.
If no one buys the house does it remain up for sale till someone does?
Can the bank force me to move before the house actually gets sold?
Once it sells does the new owner have to get an order of eviction to force me out of the house? Does the bank need a order of eviction?
I am trying to figure about how long I would have left to stay in the house and if I will get a notice with time to move.
This is in the state of Georgia.
Thanks
Hi liles!
Welcome to forums!
The bank and the new owner of the property can ask you leave the property once the foreclosure sale is over. Both of them would give you a 3 day notice in order to leave the property. You will have to leave the property within the 3 days time.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The bank and the new owner of the property can ask you leave the property once the foreclosure sale is over. Both of them would give you a 3 day notice in order to leave the property. You will have to leave the property within the 3 days time.
Feel free to ask if you've further queries.
Sussane
No. Only an order of the court can force you to leave your home. Ultimately you may be evicted but there are procedures within the court system that the mortgage holder must follow first for the foreclosure and then another set for the eviction.
This is a non judicial foreclosure.
call a local realtor as they should know the foreclosure laws there as they are different state by state;