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Fourclosure

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Guest	Posted: Fri Mar 25, 2011 7:55 pm    Post subject: Fourclosure Like 0 Dislike 0 We are 45 days behind on our mortage. I have just sent in feb payment today...We now owe for march. The lender explained to me that since they could not see the payment as of yet on their system, We are subject to foreclsoure procedings..??? I asked if we are currently in foreclosure, she said no. does anyone know the foreclosure timeline for IND. thanks...p.s We also recived a acceleration notice and did not meet the deadline of march 18th .??? advice
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Mar 25, 2011 8:08 pm    Post subject: Like 0 Dislike 0 Hi Guest, Welcome to Mortgage fit, Generally this time limit is from 3-12 months and it is up to the lender that he can file the case of foreclosure between this time frame....But If lender reduces time limit and home does not get enough value, Indiana Foreclosure Law states that lender will not be able to collect remaining amount from the borrower.... Feel free to ask any further query if you have.... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris
Rheebaby Guest	Posted: Fri Mar 25, 2011 8:26 pm    Post subject: Like 0 Dislike 0 Thanks for your response DIPA!!!! Let me make sure I have this right.....they can not begin the paperwork for foreclosure until I'm 3 mos behind per my state laws right?.....So I just need to bring it current and I should be ok? I really appreicate your help...Thanks in advance.
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Mar 25, 2011 10:00 pm    Post subject: Like 0 Dislike 0 Hi Rheebaby, You got it right....you just need to be current and everything is fine......keep in touch... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

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