Foreclosure in Phoenix>Question Details

Jackson1338, Other/Just Looking in Phoenix, AZ

in Arizona, how long do you have to vacate a house after the foreclosure auction?

Asked by Jackson1338, Phoenix, AZ Wed May 27, 2009

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8
Better yet, stay in the property until the Sheriff arrives and take you, your family and all of your possessions to the curb!

thewrights913, doing things the wrong way and trying to extort money that you have not earned is never a good idea. Whatever happened to decency and doing things the right way? Why some people feel entitled to receiving things they have not worked for – especially after being evicted for not paying the money they borrowed!

This post is from 2009, so I wonder what happened.
0 votes Thank Flag Link Sat Jan 26, 2013
Most of these answers are from real estate brokers. They want you out ASAP. I would wait until you can negotiate cash for keys. You may get up to $3000
0 votes Thank Flag Link Sat Jan 26, 2013
That will depend on if you were the owner or a tenant. New laws allow for tenants to stay in the home after the foreclosure date/sale. As in any law there are conditions that need to be met and you will have to pay the bank rent.
Web Reference: http://www.joearizona.com
0 votes Thank Flag Link Thu Oct 8, 2009
Honestly.... The best thing for you to do is wait until the beneficiary owner (Bank) assigns the listing to a Realtor. The Realtor will offer you "Cash for Keys". Expect $500-750. You should leave once the sale takes place however in times like these, its tough to turn down $.
0 votes Thank Flag Link Tue Oct 6, 2009
OMG!

This one is almost as alarming as, "Do banks off 100% financing anymore?" that keeps getting asked 10 times a day on Trulia.

We are so freaking doomed!
0 votes Thank Flag Link Wed May 27, 2009
Ownership takes place upon the successful purchase at the auction. That would mean that you have NO TIME after the auction. You should be moved out before the auction takes place to avoid trespassing. Anything on the property after the auction becomes the property of the new owner and you may have no rights to remove them.
0 votes Thank Flag Link Wed May 27, 2009
Vacate prior to auction date! You would not want a sheriff showing up to your door! It would be very humilating for you family!

Lucinda
Winderemere
0 votes Thank Flag Link Wed May 27, 2009
Jackson,

At the foreclosure auction ownership of the property passes to the new buyer, which in most instances is the bank itself. At that point you will technically be trespassing. That is one of the reasons why, by law, the owner receives a 90 day notice of trustees sale.

At that point the new buyer might start the eviction process and very soon you might have the sheriff knocking on your door to remove you and all your property from the premises. My advice is not to risk it, and try to vacate by the auction date.

Carlos J Ramírez, PC, ABR, CNE
Associate Broker, HomeSmart -
0 votes Thank Flag Link Wed May 27, 2009
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