My house in Fort Wayne Indiana is in a sheriff sale. How much time untill i have to get out.?

Asked by Jacki Holcomb, Fort Wayne, IN Sat Aug 29, 2009

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Rhonda Bandor’s answer
Rhonda Bandor, Agent, Fort Wayne, IN
Sat Aug 29, 2009
Sheriff’s sales are generally a way for the lending institution to get possession of a property on mortgage foreclosure so the property can be resold. The lending institution can bid their judgment in addition to interest, taxes and attorney fees without putting up the cash. The plaintiff’s bid will also include the cost of the sale. So if you have a mortage on it, it will probably go back to the bank.
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Patty, Home Buyer, Whitley County, IN
Mon Dec 14, 2009
can you stop a sheriff sale if your husband died and you have 2 children 2 and 3 and wife are living there with no place to go
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Rhonda Bandor, Agent, Fort Wayne, IN
Sat Aug 29, 2009
Once the foreclosure process starts, the sheriff will serve you an eviction notice and you will have 7 days.
0 votes
you are wrong there is a 6month redemption period for the current homeowner
Flag Thu Aug 14, 2014
Betty Byrnes, , Kokomo, IN
Sat Aug 29, 2009
Jacki,

Once the the house has been "sold" or "taken back" at the sheriff's sale you can no longer legally reside on the property. As far as how long you have to get out, you really should be out the morning of the sale. If you aren't out, it can be handled in different ways depending on your mortgage holder and your county. You might call the sheriff's department to at least see how your county handles it.
Web Reference:  http://www.liveinkokomo.com
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