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IF my house goes into foreclosure how long does a TYPICAL non-judicial foreclosure take. In other words
About how long is it from the time I stop making payment until the time I need to be out of the house

AND
In a non-judicial since they can't sue for the amount lost, is there a tax implication?

Niicss · Posted: Mon Jan 18, 2010 1:58 am Post subject:

The time limit to complete a non-judicial foreclosure may vary from state to state. Also, the sale may not take place less than 190 days from the date of default of the mortgage dues. Once the sale is over, the lender will give you a 3 days notice to leave the property.

The forgiven amount will be considered as your income by the IRS. Depending upon the Mortgage Debt Relief Act, the taxes on the forgiven amount may be canceled.

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How long does a non-judicial foreclosure take in WA State

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