Belt Auction

How long till we must vacate our foreclosed home in Phoenix, AZ that sold at auction just over a week ago?

Our home in Phoenix, AZ was foreclosed and auctioned off to an investors group recently. The representatives that have come to speak to us initially said we could "sit tight" here for a little bit while the group contemplated what they were gonna do with the property yet if we were interested in staying in the home, they would accept us as tenants at the current market rental value for our area. They told us a few days later that the owners have decided they'd prefer to have us leave as soon as possible so they can get started with refreshing the property and reselling it instead and would be willing to let us sign a lease and pay for through the rest of this month, or help us contact salvation army or whatever community aid program to perhaps help us make the transition. Otherwise, they'll have to begin the eviction process. I really just need someone who really knows what the current laws are to explain how these things usually go down and help me understand my rights and responsibilities. I am in dire financial stress presently trying to recover from an assault two yrs ago that has left me very unwell. My husband & I also have three kids aged 3-11 attending school and we'd really like them to finish the year here. Please help me make an informed decision. Should I bother pay us through the month? Or should I save what little money I have to put towards getting set up in the next place? Most importantly, how long can I push it staying before they can make us leave, and how do they make us leave? Thanks in advance for taking the time to consider my problem.

Public Comments

1. You have no rights after the sale is completed. If they are only willing to let you rent for the rest of the month, start packing or plan on having an eviction suit added to your credit report along with the foreclosure.
2. Legally, they are going BEYOND what they have to do in order to give you a little more time. Technically, you can be evicted immediately. Morally, your default has already cost the bank thousands of dollars. You've had months of free rent already. The new owners are not to blame for your problems, to try and make life difficult for them is not just pointless, it's morally WRONG. Doing it so you can get MORE free rent is WRONG, and you know it. Take the month leeway and move..
3. If you enter into a rental agreement, even a month to month, that would be to your advantage, because once you become a lessee, they can't force you to leave without a legal eviction, and that can take months. Without it, you're simply squatting in a foreclosed property, and the local authorities could throw you out with very little notice. Other than that, you have very little leverage in the matter.