How long after the 90 days do I have before they foreclose o

maryescajeda · Joined: 24 Apr 2008 Posts: 1 1.31 Dollars($)

I am 90 days late I have tried everything to negotiate.
So in Texas where my house is how long before they start Auctoin or foreclose on me?

jameshogg

Hi maryescajeda,

Welcome to forums.

Usually the lender files a notice of default within 90 days of a single missed payment. Within the next 90 days, you need to pay off the loan or else the lender sends you a notice of sale. And within 15-30 days of sending the notice of sale, the lender arranges for the foreclosure auction.

Thanks

Jeanette · Posted: Thu Apr 24, 2008 9:17 pm Post subject:

Mary welcome to Forum,

As James said but coined differently,

Being late on your mortgage payments does not resort to foreclosure. You will have to be delinquent. Meaning you have to be past due on your mortgage payments. Usually when you are 3 or more months behind in payments you will, depending on the lender, get a notice about foreclosure process.

Hopefully you will not be going in that direction. Just continue making your payments on time. The late payments will affect your credit score making it hard to get a good loan if, down the road, you are considering refinancing.

Jeanette Smith
Mortgage Planner
Union Mortgage Group

Guest 0.10 Dollars($)

Hi,
In the state of Texas if you are already 90 days past due and you have received a Default Notice from the lender and that has expired. it will 69 days from the expiry date foreclosure can be completed in the state of texas if its not a home equity loan.In Texas the foreclosure auction is held only once in a month on first tuesday.so sometimes you mught get 30 more days if you are lucky. but going thru the loss mit solution is the best way.

Niicss · Joined: 03 Oct 2005 Posts: 662 94.17 Dollars($)

Hey Mknight,

Good information. I doubt are you from Texas? Just curious because you are giving such exact information Smile

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