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Old 09-14-2003, 02:25 PM
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Join Date: May 2003
Location: Texas
Posts: 27

Mortgage default

What is the name of your state? TX
How many day's are required for a mortgage company ( Citimortgage) to proceed with foreclosure on your home. I'm currenlty 40 days past due. Any advice would be great. I'm going to make a payment on the fifty day
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Old 09-15-2003, 09:50 AM
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Join Date: Feb 2002
Location: Nashville,TN
Posts: 15,706
That depends on your mortgage contract. However, in TX they apparently don't need to wait, they can forclose ANY time. The laws are a little funky - your homestead is 100% protected against judgments and bankruptcy, but a mortgage lender can forclose basically whenever they feel like it !
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