Title: What Happens After Foreclosure & the Property Is Sold? | Home Guides | SF Gate
Headings: What Happens After Foreclosure & the Property Is Sold?
What Happens After Foreclosure & the Property Is Sold?
Voluntary Vacancy
Eviction
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Foreclosure Implications

Content: Once the property sells at auction, you are no longer in foreclosure. After foreclosure, you must find a new place to live and start rebuilding your financial life. Voluntary Vacancy
You may voluntarily vacate the property after the foreclosure auction. Voluntarily leaving the property eliminates the need for the new owner to file an eviction lawsuit to remove you. Having a foreclosure on your record may hinder your ability to get a new apartment or rental lease. An eviction on top of that may cause significant hardship in getting a new place to live. When the new owner gets possession of the property, he issues a three-day notice to vacate the property. Leaving before or during the three-day period avoids an eviction lawsuit. Eviction
Failing to voluntarily vacate the property results in an eviction lawsuit by the new owner. You receive the three-day notice.