http://www.trulia.com/voices/Foreclosure/We_have_discovered_our_recently_rented_home_is_in_-141632very short period of time to acquire another place to live. Our requirements are 4 bedroom/2 bath and have been in a home with 2200 sq ft. We have a co signer willing to back our needs to purchase. Please contact me ASAP if you have a property you are willing to work with us on. Barb K oncochat@gmail.comen-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Visalia_CA-742832/http://www.trulia.com/voices/profile/Real_Estate_Pro-Visalia_CA-742832/I am sorry to hear of your situation but remember by law the bank who now owns the property has to give you 90 days to find a new home - so you have a little time.Wed, 01 Jul 2009 07:42:16 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Medford_Oregon_97504-161002/http://www.trulia.com/voices/profile/Real_Estate_Pro-Medford_Oregon_97504-161002/Barb, There is a new federal law that over rules state law, that states if you have a lease, you may live out your lease, PLUS have 90 days to move. If you don't have a lease and are month to month you have 90 days past close of escrow. Good luck to you, sorry about the bad situation. Contact a local Realtor to help you find what you are looking for. It sounds like the ones answering this question want to help you! Cerise Stephens Broker CRS GRIWed, 01 Jul 2009 07:30:49 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Westport_CT-625168/http://www.trulia.com/voices/profile/Real_Estate_Pro-Westport_CT-625168/where do you reside? you will need to ask a few questions to the owner..what happened to your security deposit? more than likely it wont get returned... there are programs to assist in your situation..conact your local housing office for assistance.. good luckTue, 30 Jun 2009 19:50:58 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Clackamas_OR-135277/http://www.trulia.com/voices/profile/Real_Estate_Pro-Clackamas_OR-135277/Hi Barb - I sent a reply back to you with the email you sent me...but wanted to also let you know that there are some laws in place now that protect a tenant in a rental home that gets foreclosed. I list bank owned properties and have 2 pending and 7 getting ready to hit the market. When I receive these homes - first thing I have to do is verify if anyone is living in them, and, if so - then I proceed with a program called Cash for Keys. I believe probably all agents getting these homes to list are following the same program. The bank offers the current occupant a cash incentive to be moved out and leave the home in "broom clean" condition. Generally they give you from 2 weeks to 30 days and the cash amount varies...least I've handed out is $1,000 - the highest is $2,000. I am getting these homes usually within about 3-4 days of the auction. If the home you're in did get sold at auction....you may hear something soon. As long as you are willing to work with the Realtor that will contact you - they will work with you on some time.....but it likely won't be long enough for you to close the sale of a home unless you get going quickly with getting a loan lined up and finding a home to buy. Even then - if the bank moves quickly, it may still not be enough time so you may need a short term plan as a back up to cover any gap in moving out of your rental and being able to move into your new home. If you are thinking about staying in Molalla - there are some great deals in the area right now. My team would be happy to help with both your financing and home purchase and help get you through this smoothly. Just give us a call. Kelly Gebler Real Estate Broker & Loan Officer Keller Williams Realty & Sunset Mortgage Co. Ph: 503-516-1637Tue, 30 Jun 2009 19:45:48 -0700http://www.trulia.com/voices/profile/Other-97038-802126/http://www.trulia.com/voices/profile/Other-97038-802126/so, we found out that there has been NO official notice to vacate...now, we just need to find out IF the house sold at auction today. If it didn't then we have an opportunity to work with buying it (we hope)Tue, 30 Jun 2009 18:33:24 -0700http://www.trulia.com/voices/profile/Other-23456-205861/http://www.trulia.com/voices/profile/Other-23456-205861/Hi Barbk Find another place to rent. Wait another year to buy a house, prices are still declining. Good LuckTue, 30 Jun 2009 14:57:15 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Oregon_City_OR-668876/http://www.trulia.com/voices/profile/Real_Estate_Pro-Oregon_City_OR-668876/You can go 100% USDA in most of Molalla... your debt to income must be under 42% and credit as low as 680, although I have heard of a few lenders that will go lower. Turn times are 45-60 days on USDA right now. If you have 3.5% to put down you can go with an FHA loan. My recommendation is get financing in line before you start house hunting :) Best of luck!Tue, 30 Jun 2009 14:53:58 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Oregon-164460/http://www.trulia.com/voices/profile/Real_Estate_Pro-Oregon-164460/You will not likely get much time to find a replacement home, so you should get started right away. If you are planning to stay in Molalla, there are well over 50 homes for sale in town that have at least 3 beds & 2 baths. Their prices run from $149,700 and up. If you are considering a purchase, I would be happy to refer you to a lender who can determine what price range you should be looking in. It's important to go thru this process to get qualified by a lender because the sellers that are offering the lowest home prices are requiring that buyers already have loan approval before they submit a purchase offer. If you want to rent, the best place to check is the North Willamette Classifieds in the Molalla Pioneer. I also know a property manager you could call to see if they have any properties available. I live and work in the area, so give me a call if you would like additional help. Best Wishes, Craig Loughridge Bryson RealtyTue, 30 Jun 2009 10:45:51 -0700