Your house will be foreclosed and you're probably wondering how long I can stay in my home after foreclosure? The answer to this may be from state to state and even county to county may vary. It also depends on exactly what stage of the foreclosure process, you find this article, the normal hours of discussion during the foreclosure and guide on where to get more information.
If you are just starting the formal process of foreclosure, your lender where heyou have a certificate of notice of foreclosure and a court date was set, then you have about 90 days if it is not processed with the lender, before going on the auction house. During this time you still have the chance to get your lender to work with an agreement so that you can keep your home. Banks are not in the real estate sector, which is not to exclude your home and do not want them. They make their money from the interest that comes fromMortgages.
New Hampshire Bankruptcy Attorneys
Once the house is auctioned, there are still returns a redemption period where you can buy the house if you get the financing. If this is not possible, and ownership changes hands, then up to the new owner to evict you. An eviction can take up to 20 days to get through the court. And also the date, how long you can stay at home after foreclosure is negotiable if there are extenuating circumstances.
If the property is an REO - owned assetsNew owner of the bank may be willing to rent the property if you do not plan to live there. If you buy the property as an investment, may with the previous owners only tenants what they want.
How long can I stay in my home after foreclosure?
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