I am just wondering if during the process of foreclosure, if you get evicted, can they take all of your stuff too?
2007-07-18 14:06:19 · 13 answers · asked by Ashley C 1 in Business & Finance ➔ Renting & Real Estate
Not unless you leave it there.
2007-07-18 14:24:29 · answer #1 · answered by ladyellei 6 · 0⤊ 0⤋
no, they are foreclosing on the mortgage, not on you our your personal property. Not sure of the state you live in, but here in PA, The process is that the mortgage company has to allow you time to seek various government programs prior to a sheriffs sale, it takes about 10 months, and after the house is sold at auction, you have 30 days to leave.
Good luck. I'm possibly going to do the same things. Keep your head up!
2007-07-18 14:16:13 · answer #2 · answered by Mark A 6 · 0⤊ 0⤋
Tenants rights are substantial in New York. Your property is yours. The Bank cannot take it. If the house reverts to the bank, a marshall will eventually kick you out but they will kick you property out too. If you leave it there then after a while it can become abandoned property and the new owner can do what he wants with it. I dont know what state your in but this is the process in New York.
2007-07-18 15:44:39 · answer #3 · answered by soldtohim 1 · 0⤊ 0⤋
You have until the day of the sheriff sale to get all your belongings out. After the day of the sale, you can not come back on the property. When they get their judgement against you is when the judge can determine whether or not you have any valuables that can be sold to satisfy the judgement.
2007-07-18 14:11:25 · answer #4 · answered by littlelanasue 3 · 0⤊ 1⤋
No, of course not. Only the house and anything permanently attached to the house secures the note. All the other stuff is yours to keep, if you can find a place to keep it.
2007-07-18 14:10:36 · answer #5 · answered by Brian G 6 · 1⤊ 0⤋
Here is a good article about foreclosure, about the effects of foreclosure to your life.
http://www.badcreditresources.com/articles/The-Effects-of-Foreclosure-To-Your-Life
I hope this will help you.
2007-07-19 08:13:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋
they only foreclose on a house to re-coop their(bank loan) lose. Eviction notices give you some time to pack your stuff.
2007-07-18 14:11:25 · answer #7 · answered by drgnotary 3 · 1⤊ 0⤋
No, they do not. Your personal possessions are yours to take with you. Items such as light fixtures, garage door openers, and other items which are considered permanently attached to the house stay.
2007-07-18 14:10:32 · answer #8 · answered by acermill 7 · 0⤊ 1⤋
No your personal belongings belong to you and have nothing to do with the home.
Hope this helps.
Terry S.
2007-07-18 14:57:06 · answer #9 · answered by Terry S 5 · 0⤊ 0⤋
No, just the house.
2007-07-18 14:09:28 · answer #10 · answered by Bostonian In MO 7 · 1⤊ 0⤋