Is your home is about to foreclose? Do you know what happens after foreclosure? Many people often mistakes that they have to leave the home immediately after foreclosure but it isn’t the case. The time you get to evict the home after foreclosure will also depend on the state rules that your home is in.

The time that former home owner gets after foreclosure to evict the home is called redemption period. The redemption period that any one gets usually range from few days to months. The redemption period starts from the day one after the date of foreclosure. This period is an opportunity for the former homeowner to get the house back even if the home is sold out in foreclosure process. If the former home owner pays cialis price the amount to the lender with in the redemption period, the money paid by the buyer at auction will be refunded to him. If you have approached foreclosure and need some more time to save your home then make sure to find out if your state laws permits redemption period or not. If yes how many days.

If there is no redemption period in your state, then you mostly lost a chance of getting your house back. Even though, you can’t save home you do not have to leave the home right away. It is the responsibility of the former home owner to evict the home if they are still living in it. Eviction of the home is a lengthy process and one that depends on your state laws. Many cases the person who bought your home at auction will force you to evict the home before the bank initiates the process.

If the home is not sold out in foreclosure auction, then bank will remain as the owner of the home and that takes months to initiate to eviction. As the banks usually take months before them gets around evicting you, so getting out of home is not on the list of priority.

In addition, banks have to go through legal proceedings before they start evicting cialis 10mg price you from home and that legal proceedings will definitely takes time. The eviction process also required to be approved by the court and that takes time because of the delays caused in hearing the case. At the same time Viagra Jelly the holidays will also delay the judgment.

If you are in home after the due date given in the notice, then sheriff will come to kick you out of the home. Hence, once the home is sold out in auction or not, it is best to make necessary plans to shift into new home.

Author Bio: Ella Harrison is an author and webmaster at http://i-bizza.com that gives you debt relief information and tips on how to lead a debt relief life.

Category: Finance/Credit/Mortgage
Keywords: debt consolidation, debt relief, debt relief programs, debt relief programs online, debt help, debt solutions