The amount of time depends on the mortgage company and how interactive you have been with them. Most mortgage companies will work with renters in a property that is about to be foreclosed on. If you are the current owner, contact your bank. Most mortgage companies have a â€œCash for Keysâ€ program. The Cash for Keys program means the bank will pay occupants a small fee after the property is vacated and left in good condition.
From the time a vacate notice is delivered to the property until the Sherriff shows up will vary greatly and depends on how many foreclosures the Sherriff has for that month.
The best course of action is to communicate with the lender to take the guess work out of the process.