Information about Foreclosure (Our house was forclosed)?

Question

First my dad got a divorce then he ended up loosing his job and the mortage company knew of this. He took my moms credit cards before the divorce and put them on our paid off house. He then was unable to make the payments and we got a paper taped to the door that our house was going to be foreclosed, we have not got any actual legal papers or anything. The paper taped to the door said an auction date. My real question is how many days do you have to get out of the house? and can they take your stuff and switch the locks and not let you have your things... (I have dogs so i doubt they would go in the house or would they get a animal control person out?) Please help me.. I live in Michigan if that helps on some foreclosure information

Answer 1

Trust me, legal papers have been sent long before the notice was on the door(YES, the sheriff does come and tape the notice to your door..)...you just dont know about them. It's not possible that your house is paid off , otherwise there wouldnt be a mortgage and your house wouldnt be in foreclosure.Yes, they will go in your house and throw all your belongings into the yard and then they will be hauled away(after your neighbors take whatever they want)Once the house is empty, they will change the locks.Yes, they will have someone come out to take the dogs to the humane society.As far as when you need to be out..that entirely depends on whether or not someone actually buys it. If nobody does than it's up to the mortgage company and the sheriff that held the auction...you can find out the exact date by contacting either one.You actually have quite a bit of time til you are evicted...as there is a redemption period after the auction of 6 or 12 months where you can try to get a new mortgage...when that time frame is up, you will have anywhere from 1-3 months before eviction...the sheriff will put another notice on your door telling you when the eviction date is..so it wont be a surprise, you'll have time to move and the horrible scenario that I explained above wont have to happen. I'm sorry you and your family are going through this, but it's not the end of the world...I promise

Answer 2

State laws vary. In most states it takes some days for the Clerk to issue the certificate of title to the buyer at auction. In some there is a statutory waiting period. Suggest you call the lender or their attorneys & arrange for them to give you a few days to move out. You don't want to be facing a Sheriff & a moving van. You'll then have to pay the storage bill to get your stuff back. If animal control picks up your dogs (a) you may be fined if your license isn't current & (b) you'll get a bill for them too.

Answer 3

The lender has set up an auction date and your home will be sold on that date to the highest bidder. You do have options such as a foreclosure bailout-refinance or a short sale or declaring bankruptcy if you want to save the house. If not you will have time to vacate the property as you will have to be legally evicted.

Answer 4

Sorry to hear of your situation. Your mom could slam him in court...these financial things should have been dealt with in divorce court. Have your mom get a loan/mortgage asap and you should be able to keep the house.

You must have a notice and an eviction notice before they can change locks/kick you out. Usually that takes at least 30 days.

Act fast, you can keep the home. I wish you well.

Mike

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Answer 5

things don't get taped to doors
There are court procedures to follow and documents must be served by an officer of the court (usually a police officer) IN PERSON. Easy way to find out call the sheriffs department and ask if they have a Sheriff's sale scheduled for your property on the date indicated. They would also be a good source to ask these questions too.

Answer 6

The marketplace is close to to bottoming out...consistent with hazard purely some extra months of declining fee (reckoning on the place you reside). strolling away potential you lose the homestead and destroy your credit and lock in the loss you have amassed. jointly as you won't see the value you paid for the homestead for a jointly as, as quickly as the marketplace starts off returning and you nonetheless pay down the vital on the inner maximum loan, you're able to see your self come out from being underwater. bear in mind that renting potential which you would be paying to stay someplace and not seeing a return jointly as with the homestead, there is the possibility to pay and a minimum of gain some benefit quicker or later sooner or later (to no longer point out the tax deduction offered by the pastime and taxes). in case you are able to cope with to pay for the inner maximum loan money, it particularly is in no way a solid concept to easily walk away for the reason which you're underwater - underwater is merely a loss on paper until eventually you certainly sell.

Answer 7

You have until the date of the sale to vacate. You can also redeem it from foreclosure if you can come up with the back payments before hand.