Friday, August 20, 2010

How long does it take for a mortgage company to foreclose on a house?

I have moved out of the house (relocated to another state) and it is hard to keep it rented. I need to know how long does it take for the mortgage company to foreclose. It is only 2 months behind right now. Or what is the fastest way to sell the house?How long does it take for a mortgage company to foreclose on a house?
Contact one of those places that buy your house within 120 days they are fast they don't care on the shape of your house or your situation.Here in Ct it's called webuyyourhouse.com


Good LuckHow long does it take for a mortgage company to foreclose on a house?
I'm Glad that I was Able 2 Help U

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It usually takes 3 months for them to start foreclosure proceedings and another month or two for it to go thru.


I know how hard it is to sell a house right now....I have one up for sale too that is empty. You are killing your credit rating if you are behind and with a foreclosure forget it. Your better off trying to sell by lowering your price...if you could at least cover the mortgage you will save face.


I just heard of a method for selling your home quick today. I haven't tried it but it's worth a shot for you. They say to place an ad in the local papers for 1/2 of what your home is worth. You will get tons of calls. Schedule a weekend where people can come and see it and also place bids on it(tell them this on the phone...that you will be having an open house /bid day) Have everybody come on the same day, same time(say between 12-4:00)...and have bid sheets there. From what I've heard you will probably get your initial asking price, or close to it.


Good Luck!

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