What happens if I continue to reside in the house after the sale?
August 12, 2022
By Site Producer Attorney & Retired Law Professor
If you do not make up your payments or file for Chapter 13 bankruptcy, the lender will proceed with the Trustee’s Sale as scheduled. You may still have some options after the house is sold. Recognize that the new owner has the right to refuse your cooperation.
Make Arrangements to Move
The home belongs to the lender (if the lender “bought it back”) or the individual or company who purchased it at the Trustee’s Sale after the sale. The new owner has the right to have you vacate the property so that they can use it.
About the Author: Site Producer
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
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