Well folks, here is some news that some of you may not have known about foreclosures on your home. This is in California......
Our house loan was modified last year, but due to medical and cut backs in job hours, we still eneded up loosing the house. If we had equity still, we would have fought harder. But our loan was $329,000 and the worth of the house was $250,000. So the option was to let it go. The house was sold back to the bank on September 8, 2010 at 9:30 am.
Now the fun part. We are still in the house as of today. When your house is sold to the bank, they appoint a realtor to negotiate to get you out. That is where the cash for keys come in. We were given 30 days with a 2 day extention. The realtor was going to give us a $1,500 check to be moved out by Sunday, October 10, 2010. Today is Monday, October 11, 2010.
Events leading up to this. Last week.... in an attempt to start packing and finding a place to live, my husand was in a car accident, his car was totalled, not his fault. He was hit from the rear and then pushed into the car in front of him. This happened on Wednesday, October 6, 2010. Bad part of this, this was our only car.
On Thursday, October 7, 2010, my left eye is hurting and I am having problems seeing. Go to doctor and find out I have a hole in my eye and have to have surgery on October 18, 2010, and will not be out of hospital for a week as I will be immobile.
Talk about bad luck. Last night if I could of done it, I would have killed myself.
But here I am today. Okay, clear the mind, think, think positive and think what could possibly happen now.
The realtor showed up this morning at 9:30 am and asked if we were moved out, told him no. He said okay and left.
What will happen now..... This is the question...... There is good news.....
The attornies for the bank will file a 3 day vacate notice. If we cannot get moved out in 3 days, then they will file an unlawful detainer with the court. When this is done, I have 5 days according to the notice to file a complaint, which I am going to do. This should give me at least 20 to 30 more days in the house which I can use for recovery. I can keep filing notices, not sure tho on how many. But at least I can get out of the hospital before we have to be moved. Once the notice is given to the sheriff, we have 5 days to get out, but during that time a notice of excution to stay can be filed. If you have a disability of any sort, this can work in your favor.
So talk about taking the foreclosure through the full gamet........ will keep you posted...... I refuse to be homeless.....
friendshelpingfriends
