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the mortgage company is starting foreclosure proceedings the end of the month.when do i have to be out?
how long do i have before i have to move out of my house? i've been looking for places to rent, but haven't found anything suitable. i just wanted to know how long before i have to have something, even if it is bare minimum until i can find something better for me and my kids.
yeah, we talked to the lender. tried the loss mitigation department. their brilliant answer was, well if you can't pay the XXX.xx amount per month, and you are behind 4 months, then we'll break those months into even payments and tack it onto the next 12 months so your payments will be XXXX.xx but you can keep your house. ok, dumb question...if we can't affort XXX.xx how can we afford XXXX.xx? they were no help at all.
6 Answers
- Anonymous1 decade ago
It really depends on the state you live in and how fast the lender goes through the process. You actually do not have to move out until after the foreclosure auction. Then you usually have 3 days.
Even if the foreclosure proceedings are starting, there still time to save you home, if you choose to. Talking to your lender, looking for a private investing, considering chapter 13 are all options to stop foreclosure.
If you have decided not try and save it, then make use of your time and start looking for more affordable housing, do not wait until the foreclosure sale has taken place and then you will have to rush to find alternative housing.
- glennLv 71 decade ago
Every state can be very different. Here in Texas generally once the foreclosure has been accomplished where someone else owns the home (normally your bank is the new owner) then they will send you an eviction notice. That notice may say you have three days to get out- of course if you don't get out then they will have to proceed with the legal steps to force you out- and that may take one week or several months depending on your local laws.
- Yup Yup YuppersLv 71 decade ago
They are required to send you a notice of the sale date. On the sale date, a sheriff will come to your door and kick you out.
Call your bank and ask them for the Keys for Cash program!!! They basically pay you to move out in exchange for you walking away from the house without a fuss. Look it up online. It might be too late for that, but it's worth a try.
If you want to try to save your home, shoot me an email. I can connect you with someone who will advise you about what your best options are. I don't want to get accused of advertising on Yahoo! Answers, but I am an account executive at a loan modification compny that saves peoples homes every single day. We will also offer you free advice about what your next steps should be. Send me an email! It's a 100% free, no obligation consultation. My name is Tonya.
tonyah@nrcclients.com
Source(s): Of course the loss mitigation department was no help. Those people are morons. You need to get outside help from someone who does NOT work for the bank. We work for our clients and to hell with the banks. - 1 decade ago
It depends on the state you live in. I live in minnesota and there is a 6 month redemption period after the foreclosure sale. So you would have 6 months to live in your house rent free and try to sell it. Check the laws in your own state.
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- 1 decade ago
it can be months. you should talk to the bank (loss mitigation department) and try to find a workout so that you can keep your property. they will ask for your hardship, financial info etc. Ask them if theres any programs they can offer you.if you talk to that department for the most part they are willing to help!
