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Once your legal right to stay in the home ends, if you don’t vacate the home, the new owner-again, 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 might have the option of initiating the eviction as part of the foreclosure action.
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If you can’t make the payments, your lender might foreclose on your property. In most states, you can buy back your home after a tax sale by paying the buyer what he or she paid for the home (or by paying the taxes owed), plus interest. In most states you can buy back your home up to one year after a tax sale.
"How long can you stay in your home before foreclosure without making monthly mortgage payments?" This a question that thousands of homeowners are now asking themselves after losing hope of being helped for the new Obama’s Loan Modification Program.
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After a bank forecloses on a home, how long can you stay in the home, and if you didn’t leave how can they get you out? One Response to "How long can you stay in a home after foreclosure in NJ?" Jeff Jenkins November 22nd, 2013 . Thanks for your question. There were a large number of foreclosures filed in New Jersey prior to December 2010.
Once your lender starts to foreclose on your home, you still have the option to live there for at least several months. If you’ve decided you can’t pay off the mortgage, you can stop paying. in and.
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Home > Chapter 13 > How Long Can I Stay In My House After Foreclosure?. How Long Can I Stay In My House After Foreclosure? By Scott Riddle Posted in Chapter 13, Chapter 7, Debt Collection & Foreclosure. If you have gone through the foreclosure process, maybe because you have decided to leave an expensive house and debt behind, and you are still living in the house, you are probably wondering.