I am temporarily living in a home that is in pre-foreclosure/short sale status.. how long can i continue to live here before having to move?

Asked by Chula, 32828 Wed Oct 6, 2010

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6
Mike Luzzo, , Orlando, FL
Tue Nov 9, 2010
Chula,

If you like to see the progress of the Case Summary of the foreclosure, go to http://myclerk.myorangeclerk.com/default.aspx and search Civil Case Records. Put in first name and last name of owner,

When it says: Proof of Publication - Notice of Sale

Start Packing!

Good Luck!

Mike Luzzo
1 vote
Kevin Olson,…, Agent, Colorado Springs, CO
Wed Oct 6, 2010
Things are really a mess right now, but Desari's answer is right on. If it comes to the cash option to vacate, remember you can negotiate the amount.

Good luck
1 vote
Sandra Worth…, Agent, Wichita Falls, TX
Wed Oct 6, 2010
With the Attorney General just sending a letter out to most of the major lenders halting foreclosures in Texas, it is anyone's guess!
1 vote
Rebecca Walt…, , Orlando, FL
Wed Nov 10, 2010
Check My clerk everyday! Yes, when it says Notice of sale, you should know that time is now of the essence, however when it says Writ of Possession, that means the sheriff will be making his way over in the next few days. Good luck to you, They will allow you to stay with a proper lease, with no guarantees, it all depends on the bank.
0 votes
Alma Kee, Agent, Tampa, FL
Sun Oct 10, 2010
Dear Chula,

You will be served with foreclosure paperwork that will notify you of the foreclosure auction date.

If you have a written lease that is at or above current market rents you may be able to stay until your lease expires.

Hope this helps.
Alma
0 votes
Desari Jabbar, Agent, Stone Mountain, GA
Wed Oct 6, 2010
Once the foreclosure sale takes place, the bank's agent will contact you. If your rental home is foreclosed and you have a valid lease, the bank has to honor your lease. If not, the bank will offer you the option of a Financial Relocation Assistance agreement. This is when the bank offers you a cash option in exchange for you vacating the property and handing over the keys. Previously called Cash for Keys.

Feel free to contact me. Best of luck to you!
Web Reference:  http://www.DesariJabbar.com
0 votes
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