If I’m at the end of the foreclosure process, how long can I stay in my house?

I might have about 3 more months in my home. My wife has been diagnosed with inoperable cancer and my daughter, granddaughter and nephew are living in this house as well. I am the only person working a full-time job but not making any real money. I’m afraid that I won’t be able to afford a place big enough for everyone. The bank has not been cooperative. But to be honest I wasn’t cooperative either at the beginning of this process. Any suggestions as to what I can do at this late date? I would like to stay in the house. Yes I did try for modification but was turned down. I filed bankruptcy as a last action but the lender has been granted a lift of the automatic stay.

Asked on November 10, 2012 under Real Estate Law, Illinois

Answers:

eric redman / Redman Ludwig, P.C.

Answered 8 years ago | Contributor

I am sorry to hear of your circumstances.  If u live in Indiana there has to be a sheriff sale before you have to leave. if you have filed bankruptcy already then you have bought as much time as you can, unless there is another owner of the house that has not filed bankruptcy yet.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.