I would like to know a proper or reasonable amount of time in advance of buying house that you go in and talk to a bank as to how much a person can borrow. I would not be looking to buy a house for ...
I am a landlord and I am currently in the process of evicting a tenant. In a recent conversation with another tenant of the home I have been informed that the stove, the washer and dryer have ...
I've been out of my apartment in upstate ny for 2 wks now, and I finally received my security deposit back, or a small part of it!! I put down $300 security deposit and only received a money ...
Im the main bread winner in the home and i've been out of work since febuary on sick leave my huusbands earnings are not enough to maintain all of our other bills plus the house payments so we ...
My landlord doesnot fix anything when I moved in he was suppose to fix an addition the roof leaks and floods that room everytime it rains now there;s no air in La in late May come on....
I am going through a divorce and my ex lives in greece and hasnt paid anything towards the mortgage for nearly two years. I am sick of it and want to sell my house....
I live in Tennessee. Can a landlord do surprise monthly inspections of a home in Tennessee? Additional Details My landlord/owner of the property told us that he is going to do surprise ...
I have lived in an apartment for over three years, and the carpet was put in two years before I moved in. The landlord is now trying to charge me for the entire carpet!!!...
I am on £1170.94 after tax each month which breaks down to £292.90 a week. I still live with my mom, but she doesn't have to pay rent but she does have rent arrears, and we have to budget for ...
Why do you want to know that? Need to know how long you have to scrape some money together? Best thing if you are getting into $$$ troubles is to call your lender right away, they'd rather work with you for you to keep your house, instead of foreclosing on it. But I think about 3 months of missed payments and they would start some proceedings.
I've attached a couple of links regarding the foreclosure process. Legally, it varies from state to state.
getrd2go
Once your mortagage payment becomes 90 days past due foreclosure proceedings can begin. I believe it takes aprox. 18 months to finish the proceedings.
This website might be helpful to you.
http://www.foreclosures.com/pages/foreclosure_process.asp?state=nj
frankie b
people saying 6 months are generous. It is usually 3 months and they file the papers.
soldtohim
It varies state by state. In New York after 3 months or missed payments you will get a notice of default which is recorded with the county clerk and put in newspapers. The notice will state will you must do to correct the default. If nothing is done by the stated due date then the lender will sue you in court as New York is a judicial foreclosure state. They will ask the the court for permission to sale the property at auction to recoup there losses. The whole process in New York can take 12-18 months but do let it get this far. Call the lender immediately. Try to workout something. As previously stated. Banks don't like to foreclose as it is costly. Good luck and God Bless.
bull_rooster_aardvark
Depends on how proactive the bank is. Some will start the foreclosure program after the 2nd or 3rd miss unless they are still talking with you, trying to work things out - and still think they may be able to catch you up (even with a slim hope). Others will wait 6 months or more (especially if the house is government insured and they know they will get their money back anyhow - they why hurry, its the tax payers taking the hit).
Still, it cold take another 6 months (or even years in some situations) to run through the foreclosure process.
matt360x
not to many 6 and your done for
Shane
how about you stop wasting your money and spend it on the things you need.
bigoilman
I've seen 'em take a long time to foreclose but the one I'm trying to buy right now sets the record (for me). The owner hasn't paid a note in TWO YEARS. He's repeatedly asked the lender to just foreclose and be done with it, and they still haven't done it!
Kris21
I think its 6 months before they start papework and then usually up to a year before foreclosure. Good luck don't let it get that far. Talk to them and work something out.
beachlover
ive seen them go on for 6 months or more
FaZizzle
Why should it matter?
If you skip one payment then your credit is already in the hole.
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