Foreclosure proceedings - Understanding The Eviction Process During Foreclosure



Foreclosure proceedings Understanding The Eviction Process During Foreclosure

Foreclosure proceedings are a homeowner`s worst nightmare. The homeowners will be faced with the humiliation of everyone knowing they are losing their home and the non-stop harassment by the lenders collection agencies. Often times the threats of lawsuits and garnishing of wages are repeatedly made to the homeowner. Many times even the sheriff`s sale of their home does not end a homeowner`s problem. The length of time between eviction and the sheriff`s sale is frequently the most distressing part of the foreclosure process.

A surprising number of homeowners who are unable to create a plan to save their home continue living in their homes during the entire the entire foreclosure process. It is not until the sheriff shows up to evict them that the homeowners finally leave the premises. Many homeowners continue living in their home during the foreclosure process because they simply don`t know how much time they have to remain on the premises. In some cases there are even things the homeowner can do to request more time from the lender during the foreclosure process.

Although different states have different foreclosure laws, in most places a homeowner will be notified of their eviction by the sheriff`s department. An eviction notice is typically served by the sheriffs department after the sheriff`s sale has taken place. The eviction notice is a good faith gesture by the state to give the current resident of the property some time to prepare their things and leave the premises. The problem with eviction notices is that they are not always accurate and it is not uncommon for homeowners to be evicted before the scheduled date.

Notices by the sheriff`s departments of impending eviction are not the only means of discovering how long you have to remain on the property. If you want to avoid the possibility of a surprise eviction the best way is to learn the exact date that the foreclosure auction took place. Learning the date of the foreclosure auction will tell you when the ownership interest in the property was actually transferred to the auction winner. After the date of ownership transfer has been determined you can then use state laws to determine how much more time you have on the property.

In most cased, a homeowner will receive numerous letters and phone calls notifying them of the impending auction of their home. Not all notices will specify exactly how much more time a homeowner is allowed to remain in the residence but a general idea is usually offered. It is very rare for a sheriff to show up at a home with notification whatsoever. It is rare, but not impossible. In some state the foreclosure proceedings can take only weeks leaving very little time for notification.



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