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Company Loan Type APR Est. Pmt.

foreclousre

Posted on: 23rd Mar, 2010 09:19 am
house went into foreclosure, final summary judgment entered and a sale was set for 12/28/09, it was cancelled, my question is how long do they have to sell the house? Who owns it now? I called the atty for the bank and they advised they no longer rep the bank....so confused, just want this to be over and not sure what to do

thanks for your help
Hi dj!

Welcome to forums!

I haven't heard of any such time period within which the lender should foreclose the property. However, after a foreclosure, the creditor wants to sell off the property asap rather than spending on its maintenance. You can ask your lender to speed up the process and sell off the property.

Feel free to ask if you've further queries.

Sussane
Posted on: 23rd Mar, 2010 09:25 pm
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