If you want to stay in the home as long as possible, you don't have to move out until the auction purchaser sues you for unlawful detainer and gets a judgment against you. This is the same type of suit that a landlord files to evict a tenant. It is a summary proceeding, which means it can be completed much faster than ordinary lawsuits. It would then take some time for the sheriff to physically evict you, depending on how busy the sheriff's department in your county is. However, I strongly urge you to consider negotiating a cash-for-keys agreement with your lender. Lenders are often willing to pay thousands of dollars in relocation expenses in exchange for a voluntary move out, which saves the time and expense of further foreclosure and eviction proceedings.
Answered on Sep 11th, 2013 at 1:30 PM