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How long does it take for a bank to physically take your home? April 22, 2010

Posted by Credit in : Renting & Real Estate , trackback
T M asked:


When my house goes into foreclosure how long before the bank actually has someone come and kick us out?

Comments»

1. Bam126 - April 23, 2010

couple weeks..if you lucky..a month.
i’m sorry,

2. peggy w - April 24, 2010

I am so sorry, I have a friend that has stayed in his home for 6 mo’s now and they still haven’t evicted him.

3. out of work r.e. underwriter - April 27, 2010

3 months, 3 weeks and 3 days. it depends on what stage you’re in.

Late on payments? The bank can file a NOD (notice of default). 3 months later the bank can file for trustee sale. 3 weeks after that, they can sell the home. when the home sells, there is a 3 day notice to vacate. then the sheriff’s come.

Start packing now. It sucks to start packing with 3 days to go.


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