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What happens after foreclosure and Move out ?

Posted by Leigh on April 30, 2002 at 7:17 PM

Hello. I had my house in CT foreclosed on in Sept 2001.
Can someone tell me what happens next? I have had no contact from the mortgage company regarding the house itself. They never announced the foreclosure in the paper or put up any signs, etc. I have driven by and there is someone doing some major repairs and renovations on the house now. The house wasnt in the best of shape, but the neighborhood was great. I feel like I am waiting for the bomb to drop. Is there a statue of limitations where they can come after us for any deficiency judgements after the house is sold ? Do they ever send us any paperwork as far as for the IRS ? We got a letter stating they were selling things left in the home and that any extra funds would be sent to us. Of course I dont expect anything from this, as it wasn't worth much. How about back taxes we owed to the city. Is there a time limit they can come after us for that ? I am now divorced. How long is this foreclosure going to haunt me on my credit ? Thanks for your help


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