Foreclosure Wikipedia
foreclosuredefense | Apr 24, 2010 | 0 comments
The legal process, in which the lender must use the court system to serve notice to the homeowner that they are
Foreclosure impacts everyone in the family
accelerating the payoff of the note due to non-payment. The bank must follow a series of steps in order to get a judgment for foreclosure. Once the judgment has been entered the lender now has the authority to hold a sale date in which the property can be sold at auction. This process typically takes 7-10 months depending on which state the property resides and can take as little as 91 days in a non judicial foreclosure state.
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Filed Under: Definitions • Foreclosure
