BEST ANSWER
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