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    Mark2874's Avatar
    Mark2874 Posts: 4, Reputation: 1
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    #1

    Dec 28, 2012, 05:55 PM
    Bank is foreclosing on builder that owns our house
    We live in a house we furnished for a showhome company that helps for builder to sell. We pay monthly fee to company and they pay builder. We were told today that the bank is forclosing on builder ASAP. Maybe January 1. How long do we have to find another place?
    Mark2874's Avatar
    Mark2874 Posts: 4, Reputation: 1
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    #2

    Dec 30, 2012, 05:59 PM
    Bank evict us?
    We have agreement with Showhome Co. We pay them a fee to decorate and show the house anytime. The Builder told us the Bank is foreclosing any day. Can they evict us immediately or do we have time to find other place? Do we have any rights? Please help.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Dec 30, 2012, 06:16 PM
    ANY question on law needs to include your general locale as laws vary by area.

    We can't answer until we know where you are.
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    Mark2874 Posts: 4, Reputation: 1
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    #4

    Dec 30, 2012, 06:51 PM
    Quote Originally Posted by ScottGem View Post
    ANY question on law needs to include your general locale as laws vary by area.

    We can't answer until we know where you are.
    Atlanta, Ga.
    Mark2874's Avatar
    Mark2874 Posts: 4, Reputation: 1
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    #5

    Dec 30, 2012, 06:54 PM
    Quote Originally Posted by Mark2874 View Post
    Atlanta, Ga.
    Atlanta, Ga. Thanks
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #6

    Dec 30, 2012, 06:55 PM
    Under current federal law you must be given at least 90 days notice. If the contract you have has an expiration date its possible the new owner must owner that date.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #7

    Dec 31, 2012, 06:55 AM
    When the bank files suit to foreclose, you should be served with the paperwork as an occupant. Thus you will know when the clock starts ticking. You should also be given a 90-day notice. When the foreclosure sale happens (I don't know for sure how long that may be in Georgia, but here in Floriida it often takes several years) a writ of possession can also be entered, authorizing the sheriff to kick you out.

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