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Re: What happens after foreclosure and Move out ?

Posted by DC on July 25, 2007 at 3:15 PM

In Reply to: What happens after foreclosure and Move out ? posted by Leigh on April 30, 2002 at 7:17 PM

: Hello. I had my house in WI foreclosed on in Oct 2005.
: 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 was in the best of shape, and 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 me for any deficiency judgements after the house is sold ?
Do they ever send us any paperwork as far as for the IRS ?
How about back taxes owed to the city.
Is there a time limit they can come after me 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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