Question by  yvettedisnew (1)

My home is in Virginia and was foreclosed in March. Is there a way that I can still stay?

How long do I have before I have to vacate the premises? Are "cash for keys" legit?


Answer by  patti (29325)

You must work out the details with the lender. It is usual for the tenant to be notified of the foreclosure date as well as the date by which the property must be vacated. Call the lender if you have questions.


Answer by  MarkWatrous (729)

If you have been there for 30 days since your lender filed the notice in court, the answer is no, you no longer own the property and have no legal right to occupy it. Contact an attorney and see if you can keep it by filing Chapter 11.


Answer by  LeheckaG (1826)

Depends-on where they/you are in the-legal-foreclosure-process? SOMETIMES periodically-paying some ($1.00?) amount to your-mortgage-holder can set-back-the-clock, and they have to start the-legal-foreclosure-process all-over-again; such racks-up more-legal-fees. Negotiate Paying-rent/Staying with the new-foreclosure-property-owner. Foreclosure-court/process issues a writ (which you have 10? days to appeal), County-Sheriff executes writ WITHIN 15 to 30 days REMOVING YOU. Foreclosure-owner MIGHT pay for your-keys/to-voluntarily-leave.


Answer by  Liz59 (10966)

Well, Cash for keys is definitely not legit. And if your home was closed in March but there was no sign of anyone coming in to stop you, then you probably have another two to three months to stay there until it is no longer valid. You want to make sure.


Answer by  Anonymous

cash for keys IS legit actually. In certain states. But the amount you'll get varies from whomever is coming to try and get you out.


Answer by  PalmSpringsPJ (43)

New Federal and State laws are now in effect that may help you. Talk to your bank about these laws FIRST, don't assume they can't or won't help you.

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