Foreclosure Recovery Info - How Long Do I Have?

After the foreclosure sale, the buyer will likely reach out to you in the coming days (sometimes they will leave a note on your door, sometimes they call or text). How fast they want you out really depends on who the buyer is and what their plans are for the property, so the exact timing really depends.

After the foreclosure is finalized, the new owner must serve a formal eviction notice (sometimes called a "Notice to Quit"). This usually gives the you a certain number of days to leave (often 30 days, but this can vary by state).

However, the buyer doesn't want to go through the eviction process. According to TransUnion SmartMove data, the average eviction costs the buyer $3,500. It can be a multi-month process, too. Since they probably want to get to work on the property as soon as possible, this is something they want to avoid.

What does that mean for you? It means you have leverage. 

For example, if you need 30 days to get out, request 45 days. If you need 45 days, request 60, etc. Then negotiate from there.

**DID YOU KNOW?**

Certain surplus recovery companies can advance a portion of funds to help with short term costs like moving, storage, rent deposits, living expenses, etc.

Want to see if your case might qualify ?