Unusual Foreclosure Situation

[Tee Riddle]

Hi all,

This is a long story and not sure if this is the right place to ask about my situation, but here goes.

About a year ago my mother passed away. My mother and step-father were both on a fixed income and barely making ends meet each month. After her passing, there was no way my step-father could pay his 2 mortgages plus other bills.

I ended up moving in with my step-father to help him with his bills and give me a place to stay while I did some major renovations to my home (gutting kitchen and both baths).

Well a few months later he passes away. Now I'm living in his house and my house is basically unlivable due to the kitchen and baths being completely tore apart.

I've been living in his house (only paying utilities) for the past four months while trying desperately to complete a bathroom so I can move back in and out of his house. I'm still a few weeks at best from getting to a point where I have a working bathroom and the foreclosure process is starting on his house.

I'm worried that his house will get seized or sold before I can get out of it.

Any advice? Thanks a bunch! 

[Account Closed]

Sorry to hear so you are dealing with so much in such a short period.  

Is it the bank that is foreclosing or is it the county foreclosing for past due property taxes? Foreclose by a lender in VA is non judicial (no court case). It appears to be relatively fast, taking only 4 months. But there are several notices that the lender has to give you. What's the last notice you received and what did it say? Does it have a sale date on it? The house won't be seized. It will be sold at public auction. It will either be bought by a bidder at the sale. Or, if no oner bids enough, the property will go to the lender. Either way, after the sale the new owner will give you notice to leave or be evicted.

The foreclosure aside, what's the value of the property and what are the loan amounts?  Is the property worth saving from foreclosure?