Title: Foreclosure FAQs - foreclosure_housing_selfhelp
Headings: Foreclosure FAQs
Foreclosure FAQs
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Q: The place I rent is in foreclosure. Will I be able to stay?
Q: How can I find out if the place I rent is in foreclosure and what is happening with the foreclosure?
Q: What happens after my home is sold at the foreclosure sale?
Q: What happens to my tenants in the foreclosure?
Q: What is a “power-of-sale” clause?
Q: What is a “deficiency judgment”?
Q: Where can I get more information about foreclosure?

Content: A: Tenants can record, in their county recorder’s office, a form called a Request for Notice, asking that they be notified of any foreclosure proceedings. This way the tenant will receive a copy of the Notice of Default and Notice of Sale and know the status of the foreclosure. You can buy a Request for Notice at stores that sell legal forms or get 1 from the customer service department of a title company. Q: What happens after my home is sold at the foreclosure sale? A: Whoever buys your home cannot just change the locks to the home. The new owner must serve you with a 3-day written notice to “quit” (move out), and then must take you through the formal eviction process in court in order to get possession of the home. That process typically takes several weeks.