HomeWhat is the law on a repossession of a home?
Wiki User
2011-05-27 13:23:25
2011-05-27 13:23:25
Laws vary from state to state. However, if you haven't made your mortgage payments for several months, the bank is likely to repossess your home. Generally the time period is up to the lender, but once the paperwork goes through--you will receive notices if your mailing address is up to date-- you should expect short notice that you are being evicted. Evading receipt of the paperwork does not change matters. Long story short, the best thing to do if you cannot make payments is to have a serious discussion with the right person at the lender--the servicing company is not necessarily the place for real help. See related link for definitions of terms.
Related Questions
repossess manufactured home in oregon
Repossession agents are NOT law enforcement officers, if they carry firearms they must be properly licensed to do so.
on products, not vehicles
You can start researching Texas law at the Related Link below
check with your court house.
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