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Foreclosure in 32571 : Real Estate Advice

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  • Home Buying10
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Tue Jul 26, 2011
Alma Kee answered:

Contact a Realtor immediately and there may be a chance you can do a HAFA short sale and get $3,000 at closing as an incentive. The Realtor may be able to get the lender to stop the auction--unless it's only a week away. When is the scheduled auction date?

Otherwise, I do know that if a well known lender takes the property back they will often give you "cash for keys" rather than go through an eviction.

And you should contact an attorney or if you cannot afford an attorney, contact the local Bar Association and they may be able to refer a "pro bono" (free) attorney to you.

Good luck and so sorry about the loss of your parents.

All the best,
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Tue Jul 26, 2011
Alma Kee answered:
Hi Milo,

After the foreclosure auction it is 10 days after that the high bidder or original lender will get a "certificate of title".

If the lender got the property back, it's possible they may offer you a $1,000 - $2,500 as an incentive to move out.

Now if an Investor bought it, they may file an eviction action at the courthouse and have the sherrif escort you out.

If you have a signed lease, you may be able to stay until your lease expires.

I'm not an attorney so you would need to talk to an attorney to verify everything.

All the best,
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