Aqua,

I feel bad for you, but, know this:
I am in the 3rd state for foreclosures and short sales, so I know how to do these.
I am a short sale foreclosure expert (by default!)
If you would like my help, email or call me for more info.
321-228-4663
PaulaBean@homeorlando.com

Dear Aqua,

The time can vary as my colleagues have told you. However, this is in your best interest. You can work on saving or selling your property right up to the time of the auction. Have a conversation with a real estate attorney.

As for your appliances. I have seen in some mortgage agreements where they (the bank) has placed a claim on those items. Its my feeling you can take them unless your mortgage agreement documents specify otherwise.

-Karissa

Foreclosure time can vary. If your home has been transfered to the bank you will probably be contacted by an agent listing the property. You most likely will be offered "cash for keys" to get you out of the house. I have been in many homes where the appliances have been removed.

I have tried talking to the lender (Litton Loan Sv) til I am blue in the face regarding short sale. 1st they lost all the paperwork and until I got strong with my realtor she then called them and requested a supervisor and then finally paperwork arrived and they denied the offer but they won't give me how much they are willing to accept for the sale of the property and we did fax request as well and they have not contacted us. So by month end to next month we will start receiving paperwork of foreclosure proceeeding.

Hi Aqua,

If you don't want to move from the house, I would file bankruptcy which will forestall the foreclosure and give you time to re-budget and stay in the home.

If you don't want to stay in the house, then you will be at the mercy of the lender. try doing a short sale first, don't do a deed in lieu and don't just rollover and play dead.
You have MANY options - it just depends on your situation and whether you want to stay in the house and fight or give up.

Let us know.....and we can help you more

Paula Bean

Aqua:the length of a foreclosure typically takes around 5-6 months, however, when a property is put on in the market as a short sale, the lender may delay your leaving even more. Some lenders will respect the whole length of the listing agreement which may be 12 months for example.
Appliances are a very grey area. If you paid for them yourself you have a good case for taking them but its not so easy. If you bought the property with appliances, then you may have to leave them. Some are so mad at their lenders they don't even ask them and just take the appliances.That could be trouble.In a short sale, the appliances are listed or not on the MLS.You need a short sale. In a short sale ( pre-foreclosure)
I have seen the owners take the appliances. In your case it would depend on what you had when you bought the property in the first place. The fixture should be yours.