0
As a Realtor in Iowa, my personal and professional experience has found a foreclosure to anywhere from as little as 90 days up to 12 months. Why the difference? It depends mostly on the communication between the mortgagee and the mortgagor. Talk can usually forestall a foreclsoure. If one is finding themselves behind in their mortgage and cannot catch up, much less make even partial payments, (some lenders will not accept partial payments), they should contract a REALTOR and arrange for a "short sale." A short sale is less harmful to your credit rating, whereas a foreclosure is devastating and will take years to repair one's credit. Bob "BOBERT" Bembenek, REALTOR CLASSIC REALTY Cedar Rapids, IA
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How long does a foreclosure process take?
It depends on where you live.
How long does foreclosure take?
This varies depending on which state you live in. It is typically around 6 months from beginning of foreclosure to the end (when the property is sold at auction).
How long is a property on short sale before it goes into foreclosure?
If you stop paying you mortage how long does it take before the bank will forclose
What will happen if you stop making your mortgage payments?
The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.
How long does it take for a foreclosure to go off your credit?
Seven years! There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
How long does a foreclosure process take?
It depends on where you live.
How long does a foreclosure take in the event of a death?
14 days.
How long does it take to post for foreclosure in Cailifornia?
1 hour
How long does foreclosure take?
This varies depending on which state you live in. It is typically around 6 months from beginning of foreclosure to the end (when the property is sold at auction).
How long do you keep old foreclosure papers?
how long do you keep foreclosure papers
How long is a property on short sale before it goes into foreclosure?
If you stop paying you mortage how long does it take before the bank will forclose
How long will a foreclosure take after lis pendens?
A lis pendens will remain against the property which it was filed against until the lawsuit which the lis pendens warned of has concluded. At that time, the lis pendens will no longer encumber the property.
how long can foreclosure take?
typically, the mortgage company will start the foreclosure process about 3-6 months after the first missed mortgage payment The timeline of the foreclosure process will depend almost entirely on the state law a good place to find information is: www.Foreclosurefish.com
What will happen if you stop making your mortgage payments?
The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.
How long does it take for a foreclosure to go off your credit?
Seven years! There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
How long can you live in your house once foreclosure has started in Memphis tn?
in new york how long can you live in your house once foreclosure starts
When in strict foreclosure in Ct how long before you have to get out of home?
I will be a hearing on Tuesday, 10/23 for a Strict Foreclosure. Once granted, how long will I have to get out of the home?
