my friend lives in a rent home. the owner stop pay the mortgage because they no longer want the home. My friend is interested to buy the home since she already lives there. The owner tells my friend that he is going to put the house on short sale so she could buy it. The short sale process has not yet started . my friend still lives in the house waiting on the short sale agreement with the bank.

well , yesterday some people came to the house saying the bank told them to put a lock on the house doors. but because my friend was there the guy say they cannot change the lock since someone is living n the house. so they took my friends name and tell her the will forward the Information ( that someone is in the house) to the bank.

i think the house is now in pre foreclosure

my question is what will the bank do next? will they kick my friend out the house immediately? should my friend stay in the house til the short sale agreement or the bank says something?

Sell and Rent Back

The owner of the property I am about to re-possess has a loan to a building society/not a mortgage/as a first entry for colateral. the Court has decreed that I take possession in order to be repaid my loan? what are my rights please?

Sell House Quick

Do you think it is a bad time to buy?

Sell and Rent Back