Legal Question in Bankruptcy in Massachusetts
Once a bank has foreclosed on your house how long do you have to move out of it ?
2 Answers from Attorneys
There is not a certain amount of time. The timing depends on how quickly the bank is able to move. Eventually however, you will receive notice of an auction date, which is when you would have to be out of the house.
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Thank you,
I disagree with the other answer. You don't have to move until you're evicted in what we call a summary process action in court. They can't just back a truck up to the door and throw you out. The Supreme Judicial Court of Massachusetts said this in a case called Attorney General v Dime Savings Bank. A summary process action - once they get around to it - can take months. This doesn't mean you should hang around, however. Finding another place to live can be a time-consuming process. Another point: sometimes they will offer you "cash for keys". This means they will pay your moving costs and maybe a little more; you can negotiate it.
Good luck!