You will want to show up to the auction. Your options will be pretty clear at the closing bid. As my colleague below answered, if the purchaser is the bank good luck. Itâ€™s not common for a bank to allow people to stay in the residence. I have often wondered why especially in cooler months where an empty house can develop freezing and theft problems overnight.
You might want to contact a rental agent to have something lined up. Even if you do negotiate to stay at least you may have some bargaining power in that now you don't HAVE to stay and don't HAVE to pay whatever rent amount the new owner could pull out of the air.
We do handle rental properties, feel free to contact our office any time if we can be of any help.
Karissa Moore, Realtor - Hogan Real Estate, Inc. 978/410-5248
It depends on who buys it at auction and if they are willing to rent it or not. Many times the bank will not get what they want at auction and buy the property back to sell on the open market. If this is the case they would not normally rent the home. If it is a single family home then anyone buying it would more than likely be looking to live there themselves or try to flip it as an investment. Again, not likely to be rented.
The taxes are a matter of public record and being current would make the purchase at auction less of a risk and more attractive to potential bidders. At this point I woukd suggest that you keep your options open.
Best of Luck!