Upcoming Foreclosures

We are heading towards FORECLOSURE, Bank of America told us that October 29th our house would be For Sale.?

Does our house being for sale mean THE SHERIFF SALE and how long do we have before our family will have to move out? :(

Public Comments

1. GOOD NEWS!! We are armed with a wealth of information and you won't see a "sheriff's sale". However, we need time to help you, so please do not delay. Contact us today, We have attorneys on standby.. and they are not here to rip you off! :)
2. You should get official notice from the sheriff about the date of the sale, when you have to be out and what your rights are. The bank is probably telling you that they are going to file the foreclosure paper work on Oct. 29. If that is the case, you would here from the sheriff shortly thereafter. I would call the bank and find out the exact details. If you can't resolve the problem feel free to contact me. I might be able to buy the house with no fees or commissions. If I can't buy it, I can find someone in your area who can. My site is listed below. Good luck!
3. Generally, yes. The date is when the house will be auctioned on the courthouse steps to the highest bidder. Most banks place the starting bid at the current loan balance. Anyone who wants to buy it must pay more than that. Since you would have sold the house yourself if it was worth more, no one will bid at the auction. The bank will own the house. You would be expected to move out that day before the time of the auction. (usually noon). You could stay in the house for 30 more days by refusing to move. The bank has to take you to court to "evict" you. Do not do this. You will not be able to rent a home or apartment if you have an eviction on your record. Some banks offer $500 "cash-for-keys" if you drop off the keys at a local branch and leave the house clean.
4. You need to know the foreclosure laws in your state. For example in Minnesota a homeowner has 6 months to stay in the property after the sheriff sale.