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victoriakywst · Jul 4, 2007, 02:14 AM

I live in key west Florida irecently receive a notice in the mail stating July 31 2007 there will be an auction forclosing the property I live in. so do I have any right to remain in the house . The proerties aren't selling well in key west right now I'm assuming the bank will buy it then try and sell so do I stay or do I go and how long legally can I stay? I have a baby does it matter
Anything to helpme please

ScottGem · Jul 4, 2007, 04:34 AM

Start looking for a place to move to now. Once the house is foreclosed on, you have no right to stay. The new owner can't summarily throw you out, the day after he closes, he would still need to file eviction proceedings. So how long you can legally stay depends on the eviction process for your area. If you can show that you have found new lodgings but they won't be ready for a bit, you can probably get some consideration.

Any possibility you might be able to buy the house? You can approach your landlord and offer a deal, maybe assume the mortgage.

Fr_Chuck · Jul 4, 2007, 10:09 AM

Normally once the bank officially forecloses, they will give you move out nnotice, often prior to the sale, Because at the sale and prior you will have to allow people to come though the home looking. The day of the sale there may be 30 to 60 to even more in some areas agents, buyers and lookers walking though your home.

But once it is foreclosed, you have to move that is that

ScottGem · Jul 4, 2007, 02:01 PM

There is a difference between HAVING to move and being forced out. Chuck is right, you will receive plenty of notice and legally you are not allowed to be in the house after the bank or new owner tells you to move. But the bank can't just come in on or after that date to throw you out. Then have to go through some legal proceeding. How long that will take I don't know. It may also have an adverse on your credit record. So it makes more sense to move as soon as you can.