what happens to property in a house after foreclosure?
My friends property he had in the garage of the house was taken by the company doing the foreclosure. The house was foreclosed on and they took all of his property, car, sound equipment, dryer… that was in the garage of his house that they foreclosed on. what are the laws regarding the property. Are they not supposed to put it in storage for a period? Where do I find the law?
Posted: November 23rd, 2009 under Renting & Real Estate.
Tags: Car Equipment, Car Sound, Company House, Foreclosure House, Friends, House Foreclosure, Property Foreclosure, Storage
Comments
Comment from All I Have to Say Is
Time November 26, 2009 at 8:56 pm
they’ll probably auction it off
Comment from Sharon
Time November 27, 2009 at 9:06 pm
Your friend had plenty of time to get his stuff out, you have a certain amount of time before your no longer allowed on the property.From start to finish the foreclosure process is about 4 months. The property left behind now becomes property of the bank.. Sorry……
Comment from Brittanyxo
Time December 1, 2009 at 6:22 am
im not sure but it might be like an eviction, i think the property is taken out of the house and put on the curb im not toooooooo sure tho. just trying to help=]
Comment from Sal.Paradise
Time December 2, 2009 at 7:55 am
The law will vary depending on your jurisdiction. Your friend would be best served by contacting a reputable property or landlord/tenant attorney. It will likely cost less than replacing all of the stuff. Most attorneys will give you a free or relatively inexpensive consult on the details of your friend’s case.
Good Luck!
Comment from Help Is Here!
Time December 4, 2009 at 1:13 am
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Once they foreclose, they own the house and whatever is left in it.
I agree with the others, foreclosure is not an overnight process. He had months most likely to get his affairs in order. There was probably a sheriff’s note on the door at one point telling him he had til a certain date and time to get his things out of the property.
Comment from Landlord
Time December 6, 2009 at 12:57 pm
No, the stuff is trash and was disposed of. There is no “putting it in storage”. It is landfill. The car is likely with a tow truck company, the lease holder has the option of paying them for it before they can sell it.
Comment from foreclosurefish_com
Time December 9, 2009 at 3:11 pm
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This depends a little bit on the county in which the house is located. Local sheriffs departments have been known to do a few things with personal property still inside a home after a foreclosure and eviction.
Sometimes the belongings are just left in the house and boarded up. If anyone ever buys the house again, the stuff will just be sitting there decaying or rotting.
Other times, the homeowners will break back into the property and take their stuff back, usually causing damage to the home in the process.
The sheriffs department may also take the personal items and place them in storage. Good luck not having them “lost” (i.e., stolen) by the government. And if they aren’t “lost,” good luck finding out where they are located. And if you can find them, good luck receiving them back in a timely manner.
And in other cases, the belongings will just be thrown away. Private companies are hired to clean out foreclosed homes. They show up with a truck, gut the home of the personal items, and take them to the dump or landfill.
Your best bet is to call the sheriffs department in the county in which the property is located and ask them what they do with personal items after a foreclosure.
Good luck.
ForeclosureFish
Comment from Ryan M
Time November 26, 2009 at 5:11 am
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Your friend was stupid for not getting his stuff out! When you are being foreclosed on, you have MONTHS to get your crap out. His laziness caught up to him this time.