Legal Question in Real Estate Law in Illinois
how long after a sheriff's sale on a foreclosed home can I stay in my house?
2 Answers from Attorneys
After the sale date, there will be a court date to confirm the sale. Assuming that your address has not changed, you should have notice of the court date. You may also be able to access the case on the circuit court clerk's website for the county in which the home is located. The order entered on the confirmation of sale will provide the date for possession. Generally, that date is thirty days from the court date. If you appear, you may be able to suggest an appropriate date, within reason, for the judge to consider. You may also be able to discuss whether the mortgage company would like to enter into a lease with you. Some are doing so to avoid the holding costs of a vacant property until such time as they are ready to sell. No guaranties that they will want to work things out or that the judge will extend the date, but you can make the effort and see how it goes.
I agree with Mr. Repay, and if the sale is confirmed and the buyer wants to physically move into the house you can be evicted. In addition there are ways of contesting the sale results but it sounds like you've pretty much cratered on defending the case and are just waiting for things to happen to you before having to move out. In such case your best scenario is that the buyer will want to keep the place as an investment and would like to retain you as a tenant but there is no guaranty on that either.