Posted on: 15th Oct, 2010 05:24 pm
My condo went to auction this past week but did not sell so it is now a REO. So now ,I understand, the lender will get a REaltor to sell it. If they do that right away will I be evicted right away? If they don't do it right away when will I be evicted?
Once the property is sold off, you'll receive an eviction notice. This notice will mention the time period within which you'll have to leave the property. If you want extra time to leave the property, you'll have to inform the lender and seek his permission for the same.