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Recently, we have been seeing foreclosures take between six months and a year.
There are solutions, check out www.theroofproject.org The ROOF Project is a nonprofit providing homeowners and tenants FREE government approved help and advice regarding foreclosures.
NOTE: Watch out for SCAMS - You should NEVER be asked to PAY for foreclosure assistance. Check out http://www.loanscamalert.org for more information.
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How long does a foreclosure initiated stay on your credit?
Foreclosures remain on your report for 7 years. It is difficult to get a foreclosure removed.
How do you find foreclosures or bankruptcy real estate?
Look on the multiple listings and go to online reality sites in your area. They will show foreclosures.
Where can someone find Fannie Mae foreclosures?
There are a dozen or more websites which specifically help people find Fannie Mae foreclosures in your local area. They also hold listings of these foreclosures. Another option is to contact local realtors and request information on recent foreclosures they may have knowledge of, but they will likely be reluctant to help you as they know they can get more money out of it.
Where can one find properties for sale because of bank foreclosures?
Properties for sale because of bank foreclosures are called bank owned homes. One can find listings of bank owned homes on sites such as 'Bank Foreclosures Sale', 'Zapmeta' and 'Zoopla'.
How long can you live in a USDA foreclosed property?
It depends on your state foreclosure laws. They are so backed up with foreclosures right now that it can be quite a while. I have seen as long as 16 months in Florida.
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