Hi Candice,
The lenders will normally start the pre-foreclosure process after you're more than 3 months delinquent on your mortgage payments. The foreclosure process will take around 90 days to complete. Once the foreclosure sale is over, you will receive an eviction notice from your lender and this notice will mention the time period within which you will have to leave the property.
Thanks,
Jerry
The lenders will normally start the pre-foreclosure process after you're more than 3 months delinquent on your mortgage payments. The foreclosure process will take around 90 days to complete. Once the foreclosure sale is over, you will receive an eviction notice from your lender and this notice will mention the time period within which you will have to leave the property.
Thanks,
Jerry
If your present mortgage is owned by Fannie Mae or Freddie Mac you can refinance no matter what the value versus the size of the mortgage.
But, if any late payments in last six months and more than one 30 day late payment in last 12 months, you can not.
Before you you allow a payment to be late, call the servicer and ask.
But, if any late payments in last six months and more than one 30 day late payment in last 12 months, you can not.
Before you you allow a payment to be late, call the servicer and ask.
