What is the timeframe of eviction after a foreclosure sale?
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What is the timeframe of eviction after a foreclosure sale?
What is the exact time frame that I have to leave my home after is has been sold by auction? And what legal steps can I use to give my family more time to find another place to live?
Asked on September 5, 2011 under Real Estate Law, Tennessee
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
In the event that a home has been lost in a foreclosure, the new owner typically gives the occupants a thirty (30) day notice to terminate their occupancy usually with an enticement of a "cash of keys" offer. Meaning, the occupants give up their keys to the unit in exchange for a couple thousand dollars usually.
If the occupants do not leave the unit after the thirty (30) day terminate notice is served, an unlaful detainer action is filed and served where a court date is set about forty (40) days after the thrity (30) day notice of termination expires.
In the event of an adverse decision against the occupant, the court usually gives five (5) days or so after the judgment for the occupants to vacate the foreclosed unit.
The best way to obtain more time to find another place to live is to reach a written agreement with the new owner for a move out date.
Good luck.
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