What happens to the homeowner after home goes into foreclosure, than to public auction. How long til eviction?

Kett49
Other/Just Looking
Las Vegas, NV

Answers (3)
Andrea Packo
Agent
Las Vegas, NV

FYI - After auction, you could have as little as 3 days or as much as a month or more. Depends on if you are the owner or a tenant. Auction is the last step and usually the sheriff will bring a notice. Call the bank and ask if they have Cash for Keys for physically giving them back the keys to a house that has not been trashed or stripped.
Good Luck

Tue Aug 4 2009, 00:21
Emily S. Knell
Agent
90720

Once a homeowner receives a Notice of Default letter from their mortgage holder, they have 3mos plus 21 days before the home would actually hit the auction block. HOWEVER if the owner tries to do a Short Sale, oftentimes that auction date Can be postponed. I personally have had auctions postponed as much as 90 days, I've seen others postponed as much as 6mos.

Trying to do a short sale is your best chance at getting that auction postponed & most likely be able to stay in the home.

Feel free to email me if you have anymore questions.

emilyknell@yahoo.com
Realtor since 1996
Elite Realty - Las Vegas

Wed Jul 8 2009, 00:40
Penny O'Brien
Agent
Las Vegas, NV
FIRST ANSWER

Hello Kett,
You should call your bank for more information about this day of eviction. I know people who had to be out within a few days and some had weeks. It's best to contract the main source so your not surpised call your bank or lender to see what the exact date of foreclosure is. .. You can also check with the Clark county recorders web site to see. Sometimes when homes go to public auction they don't sell. So don't assume your living residence will sell. call your bank. Enjoy your day. Penny

Tue Jul 7 2009, 07:53

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