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Posted by Ward-CA- on August 29, 2002 at 10:42:56:
In Reply to: Move out, when??? posted by Jenny on August 28, 2002 at 13:44:01:
: My husband and I recently lost our home to foreclosure. When I say recently I mean about 4 months ago. Of course we tried to avoid it but our situation was too hard for them to work with at the time. We are doing better now but now we are left to wonder when will we have to move out. We have been looking for a place to rent but trying to stay here as long as possible, in order to save as much money as possible. Family and friends tell us that we should receive some type of certified letter stating we need to move out by a certain date. We are both young and know very little about real estate or foreclosure. We realize we have made a HUGE mistake, but now we are completely in the dark. We are trying to better our lives and put aside some money. If anyone knows what happens now, or has any advise we would absolutely love to hear it. Oh, one more thing the last letter we received was a letter asking if we would like to rent our home, at current market value. That was about a month ago, but we declined figuring we should cut our loses. I am in a very sad state and knowing that this house is no longer ours would be too sad. We are ready for a new start...in a new place! Once again thanks. (Sorry I wrote so much!)
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Jenny,
Your family and friends are right. You should be contacted by mail, either regular mail or certified mail, that you have a certain amount of time before you have to vacate the premises. And I would be out within the time the notice states,, so youre not the subject of a eviction lawsuit. Record of a formal eviction will show up on your credit record so you want to avoid that if at all possible.
But, in the meantime Id be like you and enjoy the free stay and save up some money.
Good luck.
