5 to 30 days
A common misconception for homeowners in foreclosure is that they have to move out of their house before the sheriff sale. When a county deputy or appointed county official posts a notice with the sale date near their door, they think that is the last date they can stay.  If you’re in a nonjudicial foreclosure state, the lender does not have to go through the state court system to foreclose. In a nonjudicial foreclosure, you will receive: 1  a notice of default (followed by a notice of sale). 2  a combined notice of default and sale. Even though the lender has begun the foreclosure process, you do not have to vacate the property yet. With both judicial and nonjudicial foreclosures, there is a period of time between notification of the foreclosure and the actual sale. During that time, you are still the owner of the house and can continue to live there. Att the end of the redemption period you will be contacted by the bank to move out. If you have not moved out at the end of the six months, the bank will serve you with a notice of eviction. And your foreclosure will be complete. However, during your six month redemption, you still have the right to sell your house on a short sale. If you have not talked to any one is who knowledgeable about short sales, I highly suggest that you do that immediately. An average foreclosure can take anywhere from 6 months to 1 year. If the state has a redemption period (time given for the homeowner to purchase back the home), you can stay in the house even longer. Pre-Foreclosure Stage: According to Michigan law, you are in default when a payment is 30 days late 7 years. Lenders will set underwriting guidelines for how much time must pass after a foreclosure before they will lend to you again, but the acutal reporting lasts 7 years. S … ome lenders will extend credit if the foreclosure is not within the last 2 years, 3 years, or 5 years depending on their policy. In some instances, panicked homeowners leave their home after missing a few mortgage payments or once a foreclosure is initiated. However, you have the legal right to remain in your home until the foreclosure process is completed. Even though the lender has begun the foreclosure process, you do not have to vacate the property yet. With both judicial and nonjudicial foreclosures, there is a period of time between notification of the foreclosure and the actual sale. If you don’t move out of the property within the time frame of the notice to quit, legal measures can be taken against you. A summons and complaint is issued and you have five days to respond. A trial is set for 21-days after the complaint is served and a legal eviction is recorded against you.  From start to finish, foreclosure can take many months. The process ends with an auction sale and a demand telling the homeowner to leave the property. The notice sets out how long you have to leave, typically between five and 30 days. If you don't leave by the deadline, the new owner can get an eviction order and the sheriff will forcibly remove you from the home. At this point, if you do not vacate the home, the new owner (often the lender) will start eviction proceedings to remove you from the property. Depending on your state's law and the circumstances of your case, the lender or loan servicer may have the option of initiating the eviction as part of the foreclosure action. Even though the lender has begun the foreclosure process, you do not have to vacate the property yet. With both judicial and nonjudicial foreclosures, there is a period of time between notification of the foreclosure and the actual sale. Eviction After Foreclosure. After the public seller the homeowner receives a notice to vacate the property within, typically, five and 30 days. If you do not leave within that time time frame, a court may order an eviction notice. This allows the sheriff to physically remove you from the property. The notice sets out how long you have to leave, typically between five and 30 days. If you don't leave by the deadline, the new owner can get an eviction order and the sheriff will forcibly remove you from the home.
http://msue.anr.msu.edu/news/do_i_have_to_move_out_of_my_home_before_the_sheriff_sale http://www.nolo.com/legal-encyclopedia/when-do-you-have-leave-your-home-when-its-foreclosure.html http://www.trulia.com/voices/Foreclosure/How_long_to_do_you_have_if_your_house_is_going_to_-452744 http://www.answers.com/Q/How_long_do_you_have_to_move_out_after_a_foreclosure http://www.nolo.com/legal-encyclopedia/when-do-you-have-leave-your-home-when-its-foreclosure.html http://homeguides.sfgate.com/long-after-house-foreclosed-one-vacate-property-43136.html http://www.ehow.com/info_7743929_long-do-vacate-after-foreclosure.html http://www.nolo.com/legal-encyclopedia/when-do-you-have-leave-your-home-when-its-foreclosure.html http://www.ehow.com/info_7743929_long-do-vacate-after-foreclosure.html
how long do you have before you have to move after the foreclosure