how come houses stay in foreclosure for so long?
Posted 13 July 2012 - 02:34 PM
i personally saw at least 1 sheriff notice on it a year or 2 ago
so my questions are:
1 why isnt a for sale sign up? i cant believe the bank wouldnt have actual possession of the house by now
2. if i was the homeowner, could i have lived there for these 3 years rent free?
Posted 13 July 2012 - 06:43 PM
Posted 16 July 2012 - 07:52 AM
Posted 16 July 2012 - 10:03 AM
amazing, so it seems like people move out of foreclosures before they really even have to?
We did. We have three kids. There is very little rental property in our area. Finding a place to move to gave us the bit of security we needed to make the leap into BK. We actually paid rent on the place for 5 months before we moved, but we could make the transition at our own pace. With no idea of how long we would have I couldn't have handled the thought of sheriff deputies showing up to kick us out. Even 30 days notice would have made it very difficult to find a place and get moved in time.
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