More on this topic
What Are Pre-Foreclosures?

What Are Pre-Foreclosures?

Foreclosure Prevention Job Descriptions

Foreclosure Prevention Job Descriptions

Tips & Tricks for Tax Foreclosure Properties

Tips & Tricks for Tax Foreclosure Properties

What Are the Benefits of Buying Real-Estate Foreclosures?

What Are the Benefits of Buying Real-Estate Foreclosures?

About Foreclosure Real Estate

About Foreclosure Real Estate

Foreclosure Training

Foreclosure Training

Home Foreclosure Rules

Home Foreclosure Rules

How to Become a Foreclosure Mediator

How to Become a Foreclosure Mediator

Home » Categories » Real estate » Foreclosures
Real estate foreclosures
 
Question:
Avatar

How long does it take to foreclose on a mortgage

By tokabelle Asked Apr 17 2007 2:56PM
0
Pts
 
 
Rate Question
Answer Question Help someone!
Get the latest questions in Real estate foreclosures 		flag
 

Welcome to Answerbag, a community of people sharing what they know.
Sign up now to ask a question or help someone else by giving an answer!

signup now
 

First Answer

by dafisher1951 on Apr 19, 2007 at 8:35 am Permalink

Avatar
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
2
Pts
 
 
Rate Answer
 
flag
Comments (be the first to comment)


Add an Answer

How long does it take to foreclose on a mortgage

How to write a good answer
Your answer:

Display answer in fixed-width font (good for tables or text diagrams)

Answers must adhere to our Terms of Use

To create links, just type the address with no HTML code. Use the Preview button at the bottom to verify.

You can edit your answer at any time.

Add Video Add Iimage


Important: Answerbag cannot guarantee the accuracy of answers submitted by members, and we recommend that you use common sense when following any advice found here. Read full disclaimer.