House going into foreclosure - How long til we are evicted?
Question:
It says they cannot sell the house until 90 days after a missed payment.. so is 90 days when we wil be evicted, or will they not evict us until they sell the house?
Its going into foreclosure no matter that, we just want to know when we will be evicted.
We just want to get an idea of when we will be evicted, so we can have another house by then. Thanks!
Answer:
Each state has a different process. Therefore, the time it takes to be evicted depends on the state your property is located. In NY it can take a very long time. Maybe 18 months. In Texas, it can be much faster.
in about a month
it takes longer than 90 days to get evicted..it takes close to a year for it to be forclosed on..
my neighbors did not get evicted untill the forclosure was binding by law and another 6 months untill the forclosure "auction" sale..
I wouldnt count on having to leave for at least 8 to 12 months..
this was an actual case in OHIO
Your question is a little confusing. By 'they' do you mean the bank or your friends parents? Foreclosure is a legal process that is determined by the state that you live in. In some states it can take 8 months for a foreclosure others can take only 30 days. In most states the sheriff of the county handles the final disposition of the property and that determines the date you must leave. I would be more than happy to help you but I need more information in order to give you accurate information. You may email me if you like.
This depends on a lot of things. The main question is what state is the property in, because state law controls the process. Some laws that are based on trust deeds are fast-tracked. Others that use judicial foreclosure take a very long time. But it also depends on what type of loan was used (FHA, VA, etc) and who the lender is. Some lenders are very aggressive in foreclosing while others take a much longer time. The realistic answer is between 90 days and 12 months, depending on the exact circumstances.
However, I'd relook your statement about "It's going into foreclosure no matter what." There are lots of other options, like selling the house, or government programs to assist owners in need.
Your best bet is to ask a real estate lawyer. While they may charge a few hundred dollars for the information, they will be able to tell you lots of the options available, including some options that might allow you to keep the home.
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