How long does the foreclosure process typically take?

My pool service man has come upon hard times. He told me that he hasn’t paid his mortgage payment in about 8 months. He’s been through 2 revisions to his original mortgage agreement but still can no longer afford to pay the bills. He went bankrupt 2 years ago and reaffirmed on the mortgage. The house is in Florida. Chase mortgage is in a holding pattern on foreclosures presently but temporarily. Once the mortgage company decides to foreclose how long can he expect to remain in the house?

By | 2013-08-25T15:19:11+00:00 August 25th, 2013|Mortgages Home Loans Interest Rate|1 Comment

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  1. Susan August 25, 2013 at 4:07 PM - Reply

    State of Florida:
    “Depending on the court schedule, it usually takes approximately 180-200 days to effectuate an uncontested foreclosure. This process may be delayed if the borrower contests the action, seeks delays and adjournments of hearings, or files for bankruptcy.”

    If a homeowner moves out of the house, it is usually considered abandonment and the bank can come take possession of the house and lock out the owner.

    The website cited also addresses several other issues/questions regarding Florida foreclosure process.

    I have been through it, and would be happy to provide additional information from my experience and am also interested in your experience fighting an unemployment appeal (your yahoo answer quite some time ago). You can send me a message on my facebook if you wish to discuss with me.
    Good luck to your pool man and thank you.

    Susan Loparo
    Eastlake, Ohio

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