Foreclosure in 95361>Question Details

Misa33, Home Buyer in Oakdale, CA

ok nts date 9/12/2011... the home owners r still in the house.. we r able to stay in the house until that date? when will they post notice ?

Asked by Misa33, Oakdale, CA Mon Aug 8, 2011

when will they post noticeon the door of the home? after 9/12/2011 ?? or 20 days before how r they able to sell it if the owners r still in it?

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Foreclosures of occupied homes happen all the time. From what you are saying, it sounds like the Notice of Trustee sale has not been issued yet. 21 days before the property is offered on the courthouse steps, the lender must post notice of the sale date. The occupant can stay, even after this is posted. It is not an eviction notice, it is more like a notice to reposses. Once someone new owns the home, then they will evict the owner. Because the prior owner does not have the protections that a tenant has in a foreclosure, they can get them out faster than a bona fide tenant, but they still have to evict them. As my grandpa used to say "possession is nine tenths of the law".

If you want more specific information about the status of the foreclosure, send me the property address. I will look it up for you. No obligation, after all I live in Los Angeles. Dare to Dream.

Shel-lee Davis, QSC®
Certified Distressed Property Expert – CDPE®
Short Sale & Foreclosure Resource – SFR®
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RE/MAX Palos Verdes Realty
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0 votes Thank Flag Link Mon Aug 8, 2011
Hi Missa,

I've seen homes occupied after the foreclosure and unoccupied for sale and on the market.

It really depends on the home, owners, lenders, financials, all the individuals involved, lenders policy and more.

Every foreclosure and short sale is unique.

My advice is to make what ever preperations you need to based on what you believe will happen.

I hope this helps,

Rocky G.H. Hawrysz
Prudential California Realty
http://www.TeamHawrysz.com
rocky@prucalifornia.com
(209) 444-6610
0 votes Thank Flag Link Mon Aug 8, 2011
Hi Missa,

I've seen homes occupied after the foreclosure and unoccupied for sale and on the market.

It really depends on the home, owners, lenders, financials, all the individuals involved, lenders policy and more.

Every foreclosure and short sale is unique.

My advice is to make what ever preperations you need to based on what you believe will happen.

I hope this helps,

Rocky G.H. Hawrysz
Prudential California Realty
http://www.TeamHawrysz.com
rocky@prucalifornia.com
(209) 444-6610
0 votes Thank Flag Link Mon Aug 8, 2011
It depends on some missing items, if the house is being foreclosed on, the bank will begin eviction after the foreclosure, if you are buying a short sale, you want to make sure the people are out of the house BEFORE you close or they become your problem. You should seek guidance from yoru agent and or loan officer
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Aug 8, 2011
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