After an exclusion happens, most homeowners will be able to live in their house payment for free for a period of 4 months to 12 months on average (sometimes even longer). This is due to the fact that the foreclosure process is not a simple open and closed case. Paperwork must be submitted from the mortgage lender with its lawyers, then from the lawyer to the courts, and then from the courts to all interested parties.
This process can be long depending on many factors. Some lenders and counties are very fast with their processing of everything and others are simply very busy and take quite some time. Therefore, you will be able to stay in your home through the sheriffs sale of your home if you wish. Many choose to move out just before the sheriff sales. However, there are certain people who live in the home after sheriff sales until they have been eliminated, which can buy them a few months left without housing compensation. Keep in mind that the home is still in your name until the home is shipped via sheriff sales. You should still try to stick to the lawn and keep your insurance at home to cover the house in case of damage.
A very common question from consumers who have been shielded is what I get from home when I move out? Can I take the stove, the refrigerator, the overhead or built-in microwave, lamps, ceiling fans, etc ...? This is a very gray area of the law. While there are some people who take almost anything that forms their homes and get away with it without any repercussions, lenders have begun cracking on this type of business and pursuing legal action. In most lender agreements there is a provision saying that any improvements made in the home are to stay at home. Usually, everything that the home came with when you bought the home was the minimum needed to stay in your home after moving out.
Therefore, if the home came with a stove, leave it with a stove, if the home came with a refrigerator, leave it with a refrigerator and so on. If you bought a new stove for the house, you do not have the old stove anymore and you want to take the new stove, I would recommend it because the home came with a stove and by taking the new stove and leaving nothing instead you would lower the value of the home. If you use any fixtures like toilets, faucets, washbasins, cupboards etc. ... it would not be recommended because it would be considered to lower the housing value.
Therefore, you must worry without worry if you do not have to worry if the lender will try to sue you to remove the house before moving out. If you want to bring in luminaires, appliances and other objects, try to make sure you simply replace them, even if you replace them with very cheap items in place. Keep in mind that when a product is screwed, nailed and / or attached, the item is considered as part of the property regardless of cost or who paid for it and when the home is shielded, the object is to remain with the property.
Therefore, there is a risk that your lender will not go after you to bring your appliances and some general fittings from home. Ive heard that lawyers argue for both sides of this situation when it comes to removing a home after being shut down. The reason is that you already get a big obligation from a legally binding agreement that you have done with the mortgage loan to repay your mortgage and simply from a moral point of view, it is not right to go home, even less from a legal position either. You are trying to get a new clean new start here and you do not need the chances, as narrow as they are, of something like this that linger over you and will come back to haunt you in the coming years.