Posted on: 26th Dec, 2008 03:27 pm
hi my name is ceaser i'm new here 33 years old from riverside california.. laid off union painter!
my question to any one who can help is.... my house in the city of perris goes up for auction the 30th of this month how long after this do i have to move out??
my question to any one who can help is.... my house in the city of perris goes up for auction the 30th of this month how long after this do i have to move out??
Hi diazj!
Welcome to forums!
After the property is sold off to a new buyer, you will get a 3 day notice within which you will have to move out of the property. The lender and new owner of the property will give you the notice. If you want some more time to move out of the property, you will have to negotiate with the lender and the new owner.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
After the property is sold off to a new buyer, you will get a 3 day notice within which you will have to move out of the property. The lender and new owner of the property will give you the notice. If you want some more time to move out of the property, you will have to negotiate with the lender and the new owner.
Feel free to ask if you have further queries.
Sussane
thanks sussane!
what would happen if at house doesnt sell at auction?
what would happen if at house doesnt sell at auction?
Hi Guest,
If the property is not sold at the auction, then it will remain the property of the lender. The lender will decide whether he will let you stay in the property or not. If the property does not attracts buyers and is not sold at the auction, you can speak to the lender and check if he allows you to stay in the property as a tenant. If the lender agrees, then you can pay rent and stay at the property.
Thanks.
If the property is not sold at the auction, then it will remain the property of the lender. The lender will decide whether he will let you stay in the property or not. If the property does not attracts buyers and is not sold at the auction, you can speak to the lender and check if he allows you to stay in the property as a tenant. If the lender agrees, then you can pay rent and stay at the property.
Thanks.
thank you for replying!
so at this point would with bailout coming for lenders doesnt it seem that lenders would be less motivated to work with people? and 3 days seems like really short time to give to someone to move out!
so at this point would with bailout coming for lenders doesnt it seem that lenders would be less motivated to work with people? and 3 days seems like really short time to give to someone to move out!
Hi diazj,
Lenders are offering loan modification programs in order help out the borrowers who are facing foreclosure. You can speak to your lender to check out if you qualify for a loan modification.
As far as the 3 day notice period is concerned, you can speak to the lender and the new buyer of the property and negotiate with them so that they can extend the time-period and give you few more days to move out of the property.
Thanks
Lenders are offering loan modification programs in order help out the borrowers who are facing foreclosure. You can speak to your lender to check out if you qualify for a loan modification.
As far as the 3 day notice period is concerned, you can speak to the lender and the new buyer of the property and negotiate with them so that they can extend the time-period and give you few more days to move out of the property.
Thanks