Legal Question in Real Estate Law in Illinois

if my house foreclose, and noone buys it in the sherrifs auction, how long can i live there


Asked on 1/26/13, 7:51 pm

1 Answer from Attorneys
Stephen Messutta

The bank will most likely bid in the amount it is owed and if there are no other bidders it will wind up taking title to it. Then the bank will most likely hand it over to a local broker for sale. Otherwise there are too many possibilities including the possibility that as soon as the bank takes title it may want to evict you. Too many "ifs".

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Answered on 1/27/13, 5:29 pm


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