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  • May 16, 2011 at 7:15 AM #18806
    SDisGreat
    Participant

    Hello Fellow RE experts,

    Due to the RE mkt and my financial situation, i have not been able to pay my mortgage for 6 months. I have been getting lots of notices from our lenders, we have a 1st and a 2nd mtg. How much time do i have before the sheriff comes knocking? I have heard of homeowners living in their home for 1-2, even 3 yrs b/c the bank is slow on foreclosing.

    How does the foreclosure process work in today’s RE market? My friend had a sale date placed by the bank three months ago and either nothing happened at the courthouse steps or the bank is just not up to date on their default mtgs.

    I m looking for a better understanding and any help will be appreciated. Much Thanks

    May 16, 2011 at 10:45 AM #695654
    (former)FormerSanDiegan
    Participant

    Your safest assumption is to be prepared to move out tomorrow.

    May 16, 2011 at 10:45 AM #696489
    (former)FormerSanDiegan
    Participant

    Your safest assumption is to be prepared to move out tomorrow.

    May 16, 2011 at 10:45 AM #695743
    (former)FormerSanDiegan
    Participant

    Your safest assumption is to be prepared to move out tomorrow.

    May 16, 2011 at 10:45 AM #696342
    (former)FormerSanDiegan
    Participant

    Your safest assumption is to be prepared to move out tomorrow.

    May 16, 2011 at 10:45 AM #696843
    (former)FormerSanDiegan
    Participant

    Your safest assumption is to be prepared to move out tomorrow.

    May 16, 2011 at 12:46 PM #695710
    briansd1
    Guest

    Your house is your house until the bank forecloses.

    Don’t move out. Wait for a cash-for-keys deal.

    It all depends on the lender, but you could stay for free for 1-2 years. It’s not unreasonable to expect so.

    May 16, 2011 at 12:46 PM #696544
    briansd1
    Guest

    Your house is your house until the bank forecloses.

    Don’t move out. Wait for a cash-for-keys deal.

    It all depends on the lender, but you could stay for free for 1-2 years. It’s not unreasonable to expect so.

    May 16, 2011 at 12:46 PM #696397
    briansd1
    Guest

    Your house is your house until the bank forecloses.

    Don’t move out. Wait for a cash-for-keys deal.

    It all depends on the lender, but you could stay for free for 1-2 years. It’s not unreasonable to expect so.

    May 16, 2011 at 12:46 PM #695798
    briansd1
    Guest

    Your house is your house until the bank forecloses.

    Don’t move out. Wait for a cash-for-keys deal.

    It all depends on the lender, but you could stay for free for 1-2 years. It’s not unreasonable to expect so.

    May 16, 2011 at 12:46 PM #696898
    briansd1
    Guest

    Your house is your house until the bank forecloses.

    Don’t move out. Wait for a cash-for-keys deal.

    It all depends on the lender, but you could stay for free for 1-2 years. It’s not unreasonable to expect so.

    May 16, 2011 at 1:45 PM #696559
    localguy
    Participant

    Brian, Brian, Brian,
    It is not his house. He is not paying for it.
    Localguy

    May 16, 2011 at 1:45 PM #696412
    localguy
    Participant

    Brian, Brian, Brian,
    It is not his house. He is not paying for it.
    Localguy

    May 16, 2011 at 1:45 PM #696913
    localguy
    Participant

    Brian, Brian, Brian,
    It is not his house. He is not paying for it.
    Localguy

    May 16, 2011 at 1:45 PM #695725
    localguy
    Participant

    Brian, Brian, Brian,
    It is not his house. He is not paying for it.
    Localguy

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