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Guest

Hi. tx for last advice. Once we stop making payments, how long do we have before the bank will make you leave the property. I've heard foreclosure processes are behind because they're are so many happening everywhere.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

You can safely stay there for 6 months

Niicss · Posted: Sat Aug 08, 2009 4:28 am Post subject:

As far as I know, your lender can start the foreclosure procedure once you are 3 months past due on your mortgage payments. There are various ways to avoid foreclosure. You can go for any of the programs to avoid a foreclosure sale.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Thats true but as our guest asked, the lenders are deloying the foreclosure process to make sure that there is not much inventory in the market.

So they are nto starting the process in3 months for sure. at least 6

appletongary · Joined: 09 Aug 2009 Posts: 20 0.00 Dollars($)

Yes, in present scenario foreclosure cases are going up like anything. it is upto bank as they may have several such cases to short out.

moresouthbayhomes · Joined: 12 Aug 2009 Posts: 6 3.18 Dollars($)

If you have the right people on your side you can delay the foreclosure process. It also depends a lot on which bank you are dealing with.

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