Foreclosure in Douglasville>Question Details

Kissme, Other/Just Looking in Douglasville, GA

a PERSON LIVING IN A HOME THAT IS ABOUT TO GO IN FORECLOSURE, WHAT IS THE TIME PERIOD THAT THEY WOULD HAVE TO

Asked by Kissme, Douglasville, GA Wed May 13, 2009

MOVE.

Help the community by answering this question:

Answers

4
Kymn Hargrave’s answer
The amount of time depends on the mortgage company and how interactive you have been with them. Most mortgage companies will work with renters in a property that is about to be foreclosed on. If you are the current owner, contact your bank. Most mortgage companies have a “Cash for Keys” program. The Cash for Keys program means the bank will pay occupants a small fee after the property is vacated and left in good condition.

From the time a vacate notice is delivered to the property until the Sherriff shows up will vary greatly and depends on how many foreclosures the Sherriff has for that month.

The best course of action is to communicate with the lender to take the guess work out of the process.
0 votes Thank Flag Link Sun Jun 21, 2009
It depends on the state you live in. In Michigan a owner has 6 months and if the home is on 3 or more acres, they have one year.

Marilyn Tebelak
Keller Williams Realty Lakeshore
0 votes Thank Flag Link Fri Jun 19, 2009
As a Certified Disstressed Property Expert we work with the homeowners and banks to avoid foreclosure but when the worst happens we have seen it take as little as 3 months to a year. It all depends on the banks workload and ability to assign the asset manager.
Foreclosure is not the only option and the bank do not want to do that so if you knnow someone in this situation have them contact me.
Web Reference: http://PaulandDanaSells.com
0 votes Thank Flag Link Fri Jun 19, 2009
It all depends on the bank. I have seen some take 3 months and others a year. Have your tried doing a short sale which will help you avoid foreclosure? We just closed a short sale last week in your area and specialize in them. Please call me to discuss.

Take Care,

Jonathan
770-313-1545
Web Reference: http://www.TeamLeeHomes.com
0 votes Thank Flag Link Wed May 13, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer