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They can foreclose on your house whenever you violate the terms of the mortgage you gave in exchange for the loan. The terms may include a grace period, or an acceleration clause, or other terms and conditions that your lawyer will interpret for you when the specific facts are presented.
Wiki User
∙ 16y ago
Wiki User
∙ 9y agoMost lenders will try to work with you before the house or property goes in to foreclosure. Most foreclosure proceedings will not begin until 4 or 5 payments are missed on the loan.
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How long before Georgia forecloses on homes?
30 days
Can you sue after your home is taken by the bank?
The answer is, yes, you can sue anyone for any reason. However, if you default on your home loan the bank forecloses, you will probably not win as long as the bank followed all the laws for wherever you are located.
Can you buy a house before you sell your house?
Certainly, I know people who have done that. As long as the bank is willing to finance the purchase, you are in business.
How long can a wire transfer in south African bank to a clearing house to a bank in Asia?
24 hours
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 can you live in the house after the bank takes it away and your not on the loan?
at the most of ten year
Can a squatter be in a bank owned house?
A squatter can be anywhere they squat. It doesn't matter who owns the house, so long as it's not the squatter.
How long can you live in a house without paying the mortgage?
ANSWER:The Bank will give you 90 days to make the next payment on the house. If you don't, The house will go into Foreclosure. And you'll be forced to leave. But, ya, the Bank will give you 90 Days.
How long does a house lien last on the house before it is dropped?
Until the money that is owed is paid.
Does the life tenant loose interest if the remainder man defaults on the mortgage on the property?
As long as there is notice of the life estate in the public land records the bank would need the life tenant's signature on the mortgage and note in order to wipe out the life estate. If the life tenant didn't sign the original mortgage and note then the bank has a problem. If it forecloses, it would acquire possession of the property SUBJECT TO the life estate.
How long before a baby can enter a painted house?
Once it dries
How long was a long house?
A long house was 100 yards long. it hold up to 12 families. If you are planing to make a model, you should PLAN it out before you start. think how you are going to build it.
