I had to get a Writ of Possession from the Superior Court . Then give it to the sheriff that set an available date to move him out. the date they gave me was 2 months from the day I gave it to the sheriff. on the day of the eviction you need a moving company a locksmith and a storage place . you have to pay for this yourself
including one month rent a the storage place.
for me this was a nightmare.

Usually ASAP! Unless the owner has an agreement with the bank to maintain and care for the property until it closes with a new owner.

I personally think more owners should consider this route Consider this, if the past owner can get the highest and best price by keeping the property in good repair then why can't the bank credit more of the selling proceeds to the past mortgagers debt. Theres no clean up company to pay etc.....

Just a random thought...hope that helps
KarissaMoore

Jess, the normal procedure would be to vacate as soon as the property changes hands back to the bank, but the reality is that many people stay until the REO is given to a Realtor. At that time they often will offer 'keys for cash' which is simply money typically between $1000-$2500 to vacate the property. If you are in trouble with your mortgage and fear foreclosure, you can often proceed with a short sale which can often stall the foreclosure. I am working on 2 in Hyannis that had foreclosure dates that were less than 20 days away.

Normally upon official foreclosure the bank takes the property and changes the locks and secures the property. They are not normally interested in renting it out especially to the people they just foreclosed on.

By the time the property becomes bank owned the owner is already out. The bank has foreclosed and the property becomes theirs to sell. Bank owned properties are empty. Let me know if you have other questions as I can send you a flyer explaining bank owned property acquisition.

It depends on the situation and the age/condition/location of the previous owner. Normally, if the house is bank-owned there have been a series of events including a notice of eviction, auction, etc. Previous owners usually move out before it becomes bank owned. If the previous owner is still occupying a bank owned house he/she is likely paying rent or in violation of an eviction order.