Posted on: 16th Sep, 2009 09:54 am
My house was appraised for 43,000 will still owe about 32,000 we have had a lot of financial problems lately and are behind on our payments about 9,000 dollars we have already received a letter from the lenders lawyers about being in the foreclosure process and our 30 days to contest it is up in 3 days. What I want to know is what will happen now because wealready have found an apt. but haven't moved yet. I want to know what next steps we should be taking ,how long the process is (by the way I live in Illinois) and if there will be anything we would owe after the foreclosure sale (which I think is what they plan on doing, I don't know for sure). If there is anyway you can shed any light on this very dark subject for us I would really appreciate it
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