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When in the foreclosure process should I move out of my house?  

 

You have the option to stay or move out of your house during the foreclosure process. However, when you move out this gives up the majority of your rights. You still own and have rights to your house during the foreclosure process, but once the trustee sale has occurred the house is no longer yours.

 

The foreclosure process even when followed through to completion only transfers ownership of the house from you to the highest bidder in an auction. This transfer of ownership becomes complete at a closing following the foreclosure auction. After the auction you automatically become a tenant in the house you formally owned. At this point the new owner must follow the legal procedures in your state for eviction. You also do not move out unless a Sheriff's order has been issued to you.

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