Hi, I have asked this question in the foreclosure section but didn't get a lot of feedback. I'm really nervous about my house...
I have renters in it and they are not very pleased that I am filing for bk. When I told them the got to live there for free they didn't react very happily. Anyways, my mortgage company filed for a relief from the stay and the hearing date is September 8th.
So, I guess they can't do anything until then... they have an attorney and the attorney also forwarded me copies of the motion and a cover letter saying they were filing for relief from stay to continue foreclosure.
So....... my question is... about how long do I have? I looked up foreclosure timelines for Virginia on the web but every site I went to had a different time frame. Ranging from 2 months to 4 months.
Does anybody know what typically happens after the stay is relieved for them? Like what the next step is after the relief?
I want to let my renters know what is going on but if I tell them something like "my mortgage company filed for a relief its set for september, but I have no idea when you should move" ... they will most likely freak out and give me grief.
I initally told them that they could probably live there till at least the beginning of next year. Is that feasable? Should I tell them to start looking for a place in Sept/Oct time frame?
Please help I'm so confused and I feel really bad for my renters...they are nice people with a little child. My husband keeps telling me to not care about them, but I do nonetheless.
I have renters in it and they are not very pleased that I am filing for bk. When I told them the got to live there for free they didn't react very happily. Anyways, my mortgage company filed for a relief from the stay and the hearing date is September 8th.
So, I guess they can't do anything until then... they have an attorney and the attorney also forwarded me copies of the motion and a cover letter saying they were filing for relief from stay to continue foreclosure.
So....... my question is... about how long do I have? I looked up foreclosure timelines for Virginia on the web but every site I went to had a different time frame. Ranging from 2 months to 4 months.
Does anybody know what typically happens after the stay is relieved for them? Like what the next step is after the relief?
I want to let my renters know what is going on but if I tell them something like "my mortgage company filed for a relief its set for september, but I have no idea when you should move" ... they will most likely freak out and give me grief.
I initally told them that they could probably live there till at least the beginning of next year. Is that feasable? Should I tell them to start looking for a place in Sept/Oct time frame?
Please help I'm so confused and I feel really bad for my renters...they are nice people with a little child. My husband keeps telling me to not care about them, but I do nonetheless.
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