by tokabelle on April 17th, 2007

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How long does it take to foreclose on a mortgage

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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
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How long does it take to foreclose on a mortgage

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