my home is being sold at foreclosure auction on july 16 - how long after that do they give me to vacate

Sandy
Other/Just Looking
Florida

premises
I am having a hard time finding somewhere to move and I'm in a panic! Do the courts give you a little time to move?

Alex Baglioni
Agent
Coral Springs, FL

You will have 10 days before they issue title to the bank/new owner. You can object to the sale on day 9 and this will buy you at least 2 additional months. If you hire an attorney, you can prolong this even further. Then after the certificate of title is issued, they still have to evict you. The sheriff will post a "24hr" notice on your door, problaby within a month of the property being transferred. After that, depending on how busy the sheriff office is, you will have about 2 - 4 weeks.

Mon Apr 27 2009, 07:15
Brooke O'Malley...
Broker
Sarasota, FL

We have seen over the past year on numerous occassions where a date had been established only
to be changed, sometimes the day of the sale at the court house. If your home is sold back to the bank on the 16th; there is a redemption period of 10 days which gives the property owner one last opportunity
to secure the amount in total and satisfy the Mortgage and all fees associated with the foreclosure.
During this time a "cash for keys" offer should be sought from the Bank . In essence, you as a home owner should cooperate and if an offer for keys is available; accept it and begin a new chapter.

Sun Jul 13 2008, 09:17
Steve Javier
Agent
Orlando, FL

I think we can delay the process by less say 3 months.....call me

Sun Jul 13 2008, 07:21
Cheryl Hale
Other/Just Looking
Mortgage Broker in B...

Once the home is sold at auction, or reverted back to the bank, you do not have much time. If the home is reverted back to the bank, it will go to their REO dept. They will have an agent come to the property to see if it is occupied. If so, they will begin the eviction process. Most lenders offer a cash for keys program where they will give to $1000 or so to vacate the property so they do not have to go through the time and expense of the eviction process. You may have a few weeks or so. I do know of a couple of instances where the REO department gave someone a couple of extra weeks to move out, but you can never be sure..each lender is different.

I'm not sure why you are having a hard time finding a place to rent...there are plenty of rentals out there at reasonable prices ..even for people who's credit is damaged from foreclosure, etc. Contact a realtor who can help you find a rental. The service is free for the renter. If you are single, you might want to check out http://www.craigslist.org and find someone who is looking for a roomate. There are quite a few of those type listings there. Just click on the state, the county you are interested in, and go to the "rooms/shared" section.

If this doesn't help, you might want to be more specific about what is making it difficult for you to find a rental, and maybe myself or someone else can come up with another suggestion.

I am sorry to hear of your situation...good luck.

Sun Jul 13 2008, 07:16

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