Upcoming Foreclosures

How long does it take for a foreclosure to be completed?

My last payment was Jan. 15; but it seems the clock started ticking when I missed my payment on Feb. 15. Chase and Countrywide (primary and HELOC lenders) are telling me that the foreclosure begins on May 15, the three-month mark, if I'm understanding them correctly. But what I want to know is, when would the foreclosure be done with?

Public Comments

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2. Its done with when you go to court and pay all the legal fees.
3. dont fall for these gimmicks of people that can help you, it depends on what state you are in, I answered your other post about your second and deed in lieu of foreclosure, if you have not made a payment since Jan 15th that was the payment to cover decembers interest so you are now approacdhing 120 days late, go to google and look for foreclosure in _______ your state here and see how long you have
4. Depends on what state you are in, what deed was used and if the foreclosure will be judicial or non-judicial. Deeds of Trust are more common anymore & can be foreclosed upon non-juducially, thus avoiding the right of redemption period. The entire process can take as short as 90 days or as long as over a year, depending if there is a right of redemption period. Check your state here: http://www.truthinforeclosure.com/state-laws.html http://www.entrusthome.com/index.php?module=pagemaster&PAGE_user_op=view_page&PAGE_id=59&MMN_position=22:22 http://www.forecloseddreams.com/state_by_state_foreclosure_guide