Law Offices of J.G. Woodward - Reliable.  Professional.  Responsive.

Recent Posts

What happens after foreclosure?
Grandparent's Rights in Tennessee
False Claims Act - Remedy for being put in a tough position by an employer.
Local Court Links
Divorce in General


Court Websites
Employment Law
Grandparent's Rights
Real Estate/Property Law
powered by

My Blog

What happens after foreclosure?

If  we are foreclosed upon, do we have to immediately vacate the property?”  

The answer to that question isn’t as straightforward as one may think.
Generally, there are two different paths to remove the former homeowner after being foreclosed upon: (1) formal eviction process, and (2) informal negotiations between former homeowner and new owner (usually the lender bank or the highest bidder at the foreclosure sale). The first option of formal eviction can be costly and requires additional involvement of the justice system.  It is comparable to the process for evicting a tenant who has overstayed his/her welcome. The second route will generally take the form of the new owner making a monetary offer to the former owner in exchange for an agreement to vacate the premises peacefully and without causing any damage. This “cash for keys” option saves all parties from having to go through the hassle and costs of the eviction process.
Depending on the path chosen, a homeowner will be able to stay in his or her home for a short time period of perhaps a few weeks; others may continue to live in the foreclosed upon home for longer and even indefinite periods of time. Each case is different, and the length of time will depend on the laws of the state where the property is located, how aggressive the new owner is in ensuring the vacancy of the property, and any agreement entered into.

24 Comments to What happens after foreclosure?:

Comments RSS
foreclosure defense attorney california on Thursday, January 30, 2014 2:07 AM
I would like to thank you for the efforts you have made in writing this post What happens after foreclosure? I am hoping the same best work from you in the future as well. In fact your creative writing abilities has inspired me.....
Reply to comment

Business Attorney San Diego on Wednesday, February 5, 2014 11:52 PM
Good information about foreclosures and the legalities after foreclosures.
Reply to comment

fujitsu airco on Monday, February 17, 2014 11:14 AM
very good dispatched remarks! I am so guaranteed to realise about your newest report that you will be dispatched us a last open designated day shortly. Thanks for letting us realise. comprise it up dude.
Reply to comment

Laurie Ward on Saturday, April 5, 2014 7:45 PM
Get a flexible credit loan. This program assists homeowners who have recently been through a foreclosure, short sale or have recently emerged from bankruptcy.
Reply to comment

montre replique pas cher on Friday, April 11, 2014 3:05 AM
Whee to by marque de montre de luxe pour homme cheapest? Avant de sortir face aux Reds, il venait de passer une quinzaine de jours aux Etats-Unis auprès de Renaud Longuèvre, l'entra?neur d'athlétisme, avec l'objectif de ?rééquilibrer? son imitation montre rolex qui avait d? ?compenser? après chaque blessure.
Reply to comment

obat rematik on Saturday, April 12, 2014 2:22 AM
your blog is very good, the article and zoom. success always for his blog
Reply to comment

Selena on Tuesday, April 29, 2014 5:23 AM
Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous roommate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!
Reply to comment

Corporate Attorney San Diego on Thursday, May 15, 2014 2:29 AM
Valuable post and worth reading article on foreclosure.
Reply to comment

pay a visit here on Thursday, August 14, 2014 2:27 AM
Bail Bonds should always be processed by the perfect professionals. There are lot of technical terms also. These professionals should take good training.
Reply to comment

fake rolex on Friday, October 10, 2014 9:21 PM
thanking you sharing,I like it very much
Reply to comment

Rashi on Sunday, October 12, 2014 5:42 AM
Miracle won't take place if you perform challenging for making issues take place. Approach founder or maybe possibly be pro-active as well as home publish your ebook. which can help you a good deal with regard to just about any writing providers. professayservice is really very high quality writing service providers with on time delivery.
Reply to comment

rolex watch bands on Saturday, January 3, 2015 8:15 PM
What i don't realize is actually how you're no longer actually a lot more smartly-favored than you might be now. You're so intelligent. You realize therefore significantly in relation to this topic, produced me in my opinion believe it from so many various angles. Its like men and women don't seem to be involved except it' one thing to accomplish with Woman gaga! Your personal stuffs excellent. Always handle it up!
Reply to comment

strony internetowe on Sunday, March 22, 2015 2:00 AM
Re-decorating section is generally restricted to find the style of floor Same place that embellish has to be from nature cutting-edge in addition to innovative
Reply to comment

Anonymous on Friday, May 4, 2018 6:53 AM
Reply to comment

Uptown at Farrer on Saturday, July 28, 2018 2:47 PM
nice suggestions
Reply to comment

Banda on Saturday, November 17, 2018 10:00 AM
Greetings! Very useful advice within this post! It is the little changes that produce the biggest changes. Many thanks for sharing! 인터넷바카라
Reply to comment

English on Wednesday, February 20, 2019 8:42 PM
Oakywood shop is an online store with products from oak, like wooden monitor stand. This is our flagship products, which is necessary to buy himself. Welcome to online shopping and ordering things to copyright. The combination of electronics and wood is unique. Shop around the clock, seven days a week.
Reply to comment

things to do on Monday, July 1, 2019 3:43 AM
Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info.
Reply to comment

webstagram on Thursday, October 10, 2019 3:37 AM
We have created artificial grass that is very durable and looks amazing. Take a look at our artificial lawn section and be inspired. please go to site about instagram
Reply to comment

badass male khajiit names on Monday, November 11, 2019 1:53 AM
They were suppressed and enslaved by rich families and the primary industries of Morrowind, until recently, when King Helseth Hlaalu finally banned slavery.
Reply to comment

Nafia on Saturday, December 14, 2019 9:20 PM
Great post.. glad i came across this looking forward to share this with everyone here  Thanks for sharing
Reply to comment

instastalker on Monday, December 16, 2019 4:01 AM
Your blog is really great. I would like to work. I am really impressed to see your blog very informative You have shared valuable stuff which i like reading. If you want to know more information of your idol on instagram, please go to site instastalker
Reply to comment

Useless Websites on Monday, February 10, 2020 11:31 PM
What happens after foreclosure? Useless Websites
Reply to comment

Sue on Saturday, February 15, 2020 3:23 PM
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment
Website Builder provided by  Vistaprint