About the Author:
When people go through foreclosure the biggest question that they have is how long they have to live in it. Bank owned repo homes have a process that the bank must follow in order to get you out of the house.
When the house goes to the foreclosure auction you are technically supposed to move out of it. This is ideal for the banks if you are out by the day of the set auction. You will receive a letter in the mail that tells you when the auction is. Most homeowners actually think they are supposed to be out of the home months before the home goes to auction. This is not the case.
If a home sells at an auction then the new owner will have to do their duties to have you removed from the home. They will have to show their ownership to the sheriffâ€™s office and they will serve you or post a notice. This notice will give you from 72 hours or up to 10 days, depending on the local county regulations. If you are given 72 hours by the sheriffâ€™s office to be out of the premises then you need to be out by then. This is because the sheriffâ€™s office will have officers come to the home on the deadline and remove you physically from the home.
You will not be allowed to grab your belongings out of a foreclosure if you stayed in it up to the date of the sheriffâ€™s office removal. The postings and the letters of eviction are enough time for you to have your things removed from the home and put in storage. If you leave things inside of the home then the sheriffâ€™s office will put the items in a storage for you to come and get later. Most sheriffâ€™s offices do not charge for storage and you will not have to pay a fee to get your belongings.
The time it takes for a home to foreclose and for you to be required to move out of bank owned repo homes can take up to a year from the first month of a missed payment. When you receive the notification from a sheriffâ€™s office that you are being evicted and must leave the premises is when you really will have to go.
Joseph Smith has been educating buyers on the finer points of Bank Owned Repo Homes at Foreclosure-Repo-Auction.com for over five years.
Being Skillful at Anything: The 4 Levels of Learning
You can't look good while learning a new skill at the same time. That includes Real Estate Investing! There are FOUR levels of learning you have to go through with anything. To become competent in your new skill, you have to get through the first three levels. It's kind of like a cool video game, except you're playing for keeps... and to earn thousands of dollars per transaction, which takes practice and the right knowledge....
5 Tips for Starting a Home Staging Business
With the increase in home sales thanks to the improving economy, there is an increased need for home staging businesses. Real estate agents as well as current homeowners who want to sell their homes quickly have realized the importance of having a professional do the furniture staging. Staging allows the potential homebuyer to see just what the home holds in terms of potential. If you have wanted to get into the home staging business, here are a few tips to get you started....
Determining Your Budget For Repairs and Upgrades When Flipping a House
If you are new to the house flipping business, you are probably still filled with excitement over all of the possibilities that exist. It can be easy to get swept away in the wave of that moment's adrenaline and forget that some things will be costly to repair. That is not to say that they should not be attempted. Rather it means you need to be aware of what it will cost to flip a house and to factor those costs into your budget....
Zero Down Mortgages Available to Veterans
Michael Zuren PhD.
This article reviews the mortgage program available to veterans through the Veterans Administration. This mortgage program allows zero down financing with no monthly mortgage insurance. The documentation needed by the Veterans Administration is reviewed....
Class A Office Building
Kevin P Finch
In the commercial office brokerage business we classify buildings in three different classes A, B and C. Today I thought that I would review what I think the qualifications are for an office building to be characterized as a class A office building....
Marketing Your Property to Get a Good Value
Rajib KR Saha
Getting the best value for your property is a daunting task. But this becomes easier when you hire a professional real estate agent. These agents make plans and strategies that help you get more and more potential customers....
The Expanding Role of Real Estate Companies In Noida
The real estate market in Noida is growing rapidly, and in multiple directions. It has already touched Delhi and Ghaziabad and expanding towards Greater Noida and Mathura (Yamuna Expressway). Many people looking to buy a house in NCR, finally decide to settle down in Noida....