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Old 07-17-2008, 05:49 PM
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Join Date: Nov 2007
Posts: 17

How long before foreclosure??

What is the name of your state (only U.S. law)? FL
How long the foreclosure process takes??
My dad just informed me that he did not make any mortgage payment this month and can not make any anymore. ( I guess I need to finish the basement so they can move in with me ).
Last edited by lb11; 07-17-2008 at 06:35 PM.
  #2  
Old 07-18-2008, 08:15 AM
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Join Date: Feb 2007
Posts: 8,270
How long before the bank starts the foreclosure action is up to them. They could go any time from the time the payment is not made, typically it takes a couple of missed payments without acknowledgement.

After that, it takes a few months. The owner must be served, a hearing scheduled (no non-judicial foreclosures in Florida), a judgement issued, and then the sale scheduled.
  #3  
Old 07-20-2008, 01:26 PM
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Join Date: Jul 2008
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How long it takes fore foreclosure

It definitely depends on the state. Check out this foreclosure time line state by state. That should answer your question.
[url]www.ligloanmods.com/foreclosure-timeline.html[/url]
  #4  
Old 07-20-2008, 08:30 PM
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Join Date: Feb 2007
Posts: 8,270
That's why we make them put their state in. The answer I gave is for the poster's state of Florida.
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