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by dafisher1951 on April 19th, 2007
It depends on the state and the mortgage company that is foreclosing. Generally after 2 or 3 months they will list the house for foreclosure. A legal notice must be published in the county legal newspaper for 30 days. Then it is sold on the courthouse steps.
If their is little equity in the house and no one buys it (which is common) then the mortgage company takes it back and it can take up to another year to evict you from the property.
Laws and policies vary from state to state.
David Fisher
www.MyPropertyFlip.com
www.RealtySale.org
Who approves the bid amount for foreclosure auctions?
by Answerbag Staff on August 23rd, 2010
| 1 person likes this
Can i be foreclosed on if the mortgage company cannot produce the deed of trust?
by Answerbag Staff on July 26th, 2010
| 1 person likes this
Who has to maintain all the foreclosed homes in Connecticut?
by Answerbag Staff on August 6th, 2010
| 1 person likes this
Why wouldn't the mortgage company just lower the principle for us??
by AngelQM on April 18th, 2010
| 1 person likes this
In CT my home was foreclosed on in 2009, the bank was going to sue then dropped it "at this time" -How long can can they sue?
by CTconfused on November 20th, 2010
| 1 person likes this
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