Occuping
Can somebody explain to me why some banks evict the people living in a house when it goes into foreclosure and some do not. Most houses I have looked at are empty and I assume the bank has asked them to leave for non payment. Why is it then that some people get to stay in the house till its sold at auction? What makes the difference?
Thanks
Banks can not evict someone from the house before auction, as the bank does not own the house at that point. Owner is always in control of the house until auction. The reason some of the houses are vacant, is owners simply decide to leave for whatever reason.
When my son fell behind in his payments on his house and it went into foreclosure his bank told him they were giving him 10 days and then they locked him out. He could not get back into it to get anything out. It was months before it went to auction. He never could get back in.