A lot of people ask me how long they have to stay in the house before they’ll be evicted by the bank once the foreclosure process begins. Very difficult question. It’s a case by case basis. But generally, I say to people, you have between 18 and 24 months. Generally, there’s no guarantee, but that’s just been our experience in defending these foreclosure lawsuits. It could go as long as three, four or five years.
Nobody really knows. You have until the sale date to stay in the house and then a little time period subsequent to the sale. How much time? Nobody knows. It’s the bank’s internal procedures that will dictate how much time would be left.