Yvette:
Thanks for connecting with me. Let me know where are you located, maybe I am familiar with your state law.
Depending on the situation, it is likely that the bank will delay the foreclosure sale. There are ways to delay the sale. Often a short sale in process with a buyer ready will help. Another way is to file for bankruptcy. This is not to be taking lightly. It is hard for me to tell given the little I know.
I would suggest that if there is enough equity in the house, your husband pays the arrears if he is better of keeping the property if the property will be sold. It would be better if the house is vacant, because vacant houses are much easier to sell. However, if he ends up having a scandal with his mother she can become un-cooperative and the property will be hard to sell. This is a thought situation. Consider talking to a local real estate attorney. I am in Portland, Oregon. If you are in this area I can help you better.
Sincerely,
Oscar
At 07:04 PM 12/1/2008, you wrote:
Hello
My name is Yvette my husband is in foreclosure right now he has a month before the house will be sold to the county we don't know but mostly it will happen. we don't leave there his mom live there and she is the one who pay the mortgage every month and she did not told my husband on anything until my husband seen some letter in the counter that his house is in foreclosure.
Anyway, to make it short my husband talk to the lender GMAC negotiating to keep his house he owe $350,000 his interest rate is adjusting every month etc.. so he decided to do short sale to slow down the process of the foreclosures, in the main time he gave his mom a verbal notice to find a place to live she said she won't leave until the house is sold.
Does she has the right to stay until the house is sold? my husband wants her out there now.
Please help don't know what to do.
Sincerely Yvette
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