Posted on: 08th Feb, 2010 05:17 pm
Is there a checklist somewhere on what to do and when? What do i do with the keys? the garage door opener? the utilities? the bank is not local; some faceless greedy corporation who would rather lose money in an auction; than approve a short sale and lose $10k.
Hi,
You do not have to vacate the property until the lender forecloses the house. The foreclosure process takes some time and if it is a judicial foreclosure, you may be entitled to a redemption period, within which you can live in the property. You will be served a notice before you are asked to vacate the house.
You do not have to vacate the property until the lender forecloses the house. The foreclosure process takes some time and if it is a judicial foreclosure, you may be entitled to a redemption period, within which you can live in the property. You will be served a notice before you are asked to vacate the house.