real estate


Question by  Lipgloss (52)

How long does it take for a foreclosure to take place?

I received a notice of foreclosure yesterday and would like to understand how long before they make me move.


Answer by  bonnie56 (359)

Though foreclosure laws vary from state to state, normally a couple weeks to a couple of months after the notice is filed, a sheriff sale take place. If you are working with your mortgage company for a solution, you may be able to have the sale postponed.


Answer by  Schistosomiasis (61)

This process is variable and largely unregulated. In order for a financial institution to take possession of your home, they first must prove they hold the note on it. Fortunately for the homeowner, the paper note with original signatures is normally not available. Courts have ceased forclosure proceedings based on this alone.


Answer by  withluck (1745)

Each state has different time frames and guidelines for posting foreclosure. You will need to check with the state that you are in, to find out how long you have and what the process is. You can go to the courthouse and someone there will be able to help you and they will give you specific answers.


Answer by  mike49 (373)

Every state is different. Only an order of the court can force you to leave your home. From the time you miss your first payment to the final foreclosure sale, it may be six months or longer. Be sure to check the foreclosure laws in your state because it could be more or least than six months.

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