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hard lender forclosure

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Icon Mini Profile fnavarro





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Post Posted: Thu Apr 21, 2011 8:17 am    Post subject: hard lender forclosure
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How fast can they take your home for delinquent property taxes. is it the same time frame for non mortgage payment?
hoe many months are we talking 4,6, before they take it or sell it?
Icon Mini Profile gmakerley
gmakerley
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Post Posted: Thu Apr 21, 2011 12:15 pm    Post subject:
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The duration of the foreclosure process will vary from state to state. Non-payment of taxes is a reason why they might foreclose, but it's not going to happen overnight, and in most cases, it won't be within 6 months either. I think you're looking at a lengthy process, but you can get clarification by calling your local Attorney General's office.
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Icon Mini Profile adonis
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Post Posted: Thu Apr 21, 2011 7:20 pm    Post subject:
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Welcome fnavarro,

I agree with George that the duration for the foreclosure will vary from state to state. As far as I know, normally, lenders can start foreclosure proceeding if you're around 3 months delinquent in your payments.

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