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Foreclosure timeline

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Karola1704 Joined: 01 Oct 2009 Posts: 1 1.00 Dollars($)	Posted: Thu Oct 01, 2009 7:39 pm    Post subject: Foreclosure timeline Like 0 Dislike 0 Lender doesn't want any more payments. They said house is in default and they are processing the foreclosure. House was submitted for short sale. Lender has not sent any papers regarding the foreclosure. How long will this process take?
smithsussane Joined: 18 Sep 2008 Posts: 10045 Location: Alaska 921.83 Dollars($)	Posted: Fri Oct 02, 2009 12:42 am    Post subject: Like 0 Dislike 0 Hi Karola! Welcome to forums! As you've applied for a short sale of the property, there are chances that the lender has stalled the foreclosure procedure. You can contact your lender and check out if he would accept your short sale request or not. If he accepts your short sale request, then he would let you know what steps you need to take. In case, he rejects your offer, then he would go ahead with foreclosure procedure. The time taken for a foreclosure procedure to complete will depend upon the state laws. Feel free to ask if you've further queries. Sussane

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