What should you do if you receive a foreclosure or eviction notice?
• Call the sheriff’s department first, Baker says. Find out how long the foreclosure process takes. Is it 60 days or 90 days? Then you’ll have a timeline to work with and time to prepare for the worst-case scenario.
• Next, get on the Internet. Find out the rental laws in your state. Some states, including California and Illinois, have recently passed legislation giving renters a grace period, ranging from 30 days and up, to stay in a property after it’s been sold in foreclosure. Others are considering similar legislation.
• The U.S. Department of Housing and Urban Development outlines tenant rights by state on its website: .
• The lender’s name or its lawyer will be on the eviction notice. Contact either one to let them know you’re in the property. Find out what your options are. Will the lender let you sign a new lease or is the bank offering some cash assistance for moving out? Don’t let the lender bully you into moving out sooner than stated by law.
If you’re nervous negotiating with the lender on your own, contact a local nonprofit housing counseling agency for help.
• HUD’s website lists agencies by state or you can call its toll-free number, 800-569-4287.
