“Do I have to leave my house in Alabama the day of the foreclosure?”
This is a question that we’re asked several times a month, and it’s a good question.
First, let’s go over the timeline of an Alabama foreclosure.
Once the actual foreclosure happens then you get a letter from your mortgage company telling you to vacate your house.
If you don’t leave your house, you’ll be served with an ejectment, or eviction, lawsuit. Eventually, if you lose the lawsuit you’ll have an order from the judge that says you must get out of your house.
Do you have to leave your house? No.
However, you need to be aware that there’s only a certain amount of time before you lose your right of redemption.
You have the right to “redeem” or “buy back” your property. This is your right of redemption.
The window could be 6 months or a year.
It depends on the mortgage you have.
And you must normally leave within 10 days of the foreclosure.
It’s not necessarily practical for most, since having a foreclosure on your record can mess up your chances of getting financing.
However, there are cases where consumers are in a place to get their property back.
For most, however, they will have to decide to fight or leave when the ejectment lawsuit is filed.
If you know a foreclosure happened yesterday, it doesn’t mean you have to leave today.
If you’re sent a letter ordering you to vacate, but you don’t think the foreclosure was done properly, you don’t have to leave the house right then.
You may lose your right of redemption, and that’s a decision you have to make.
Once you’ve received the ejectment lawsuit in Circuit Court, you have 30 days to respond to it.
Hope this is helpful to you!
Every foreclosure case is unique, and ultimately it’s up to you to decide what the best course of action is.
If you have any questions and you live in Alabama, feel free to get in touch with us!
You can reach us by phone at 1-205-879-2447, or you can fill out a contact form and we will get in touch with you quickly.
We look forward to helping you in any way we can!
Thanks for reading, and have a great day.