Foreclosure Average
Confused about Foreclosure – Can Someone please Help!!!?
A quick sale on the house is not an option, so please do not post with that, foreclosure is the only option, its not my house.
Anyways..
The house paymet was due on June 16th. I read that an average foreclosure takes 102 days, is that after her first missed payment or what?
When should we expect to be evicted? October 16th at the earliest right?
Thats the earliest, but they have to auction the house and stuff right?
Thanks in advance!!
The FIRST thing you need to do is contact your lender. If this person missed a payment for health reasons, or another emergency, most lenders are willing to work with you. Their goal is not to foreclose on the property, in fact, it’s the last thing they want to do. In most cases, they will call and send letters and instead of ignoring them (as most people in delinquency do), you need to speak with them and work out an agreement. I’ve seen lenders grant extensions up to a year for circumstances such as illness and/or jobloss (this does not mean you should fabricate such an excuse). Be honest with them and try to avoid the process starting NOW. You have up until the day the house is sold on auction (which could be six months from now) to do something. So take action.
Sugarhouse and Sugarhood Foreclosure and Preforeclosure Property
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