2007-07-09 13:05:03 · 10 answers · asked by baybeegiryl 1 in Business & Finance ➔ Renting & Real Estate
They will have to physically post it on your door and file with the court, call the court it will be recorded.
Not to make it too simple but you can just call your lender and ask. They will send you to the forecloure department if they have.
You might want to work out a short sell. Where the lender will discount what you owe if you know you have to leave. This will be better for you and your credit. Call muliple agents in your area and make sure they specialize in short sales.
Good luck, im sorry about your house.
2007-07-09 13:11:19 · answer #1 · answered by financing_loans 6 · 0⤊ 0⤋
You should get a legal notice, but it also has to be put into the news paper in the legal section. If you had a warning it was coming and still have not made a house payment, it's coming. If you choose to ignore it, they banking center that owns you mortage has a right to go and lock you out of your house and keep whatever is inside. I would call your mortage company and see what is going on.
2007-07-09 20:11:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do you not know if you paid the bill? You pay no foreclosure, you don't your out. You have to pay to stay. Its that simple. Oh yeah, you would be getting certified letters and about 100 phone calls a day if you were in foreclosure. Keep your eye out for the sheriffs car.
2007-07-09 21:32:50 · answer #3 · answered by frankie b 5 · 0⤊ 0⤋
first you'll be give a NOD (notice of default)...and this is a public record recorded at your county....so if you are checking on someone else...go on the county web site for the Grantor / Grantee area...
...and yes you would know if you paid your mortgage payment...so the NOD will not come as a surprise.
After the NOD you have approximately 90 days to get out before the property become bank owned again and you get 'locked out'. (get all of your stuff out before lock out).
good luck
2007-07-10 03:53:03 · answer #4 · answered by Blue October 6 · 0⤊ 0⤋
Trust me, if your house was going to be foreclosed, you'd know it!
2007-07-09 20:08:17 · answer #5 · answered by bender_xr217 7 · 0⤊ 0⤋
Its general knowledge in mortgage co. literature, after 3months no payment, no contact with co. they start procedings, you are contacted with papers stating what is going to happen in 30 days. I think they tape or nail it to your door. Bankrupcy could buy you some time but the repay is usually 400/mn or more.
2007-07-09 20:10:33 · answer #6 · answered by kim 7 · 0⤊ 0⤋
I'd think you'd receive a notice after several months of not making the payments.
2007-07-09 20:09:02 · answer #7 · answered by jellybean 5 · 0⤊ 0⤋
You would receive official papers from the bank/mortgage company
2007-07-09 20:08:58 · answer #8 · answered by Anonymous · 0⤊ 0⤋
You wold know because you would be getting phone calls from your bank and letters as well.
2007-07-09 21:20:46 · answer #9 · answered by YayArea 2 · 0⤊ 0⤋
Call a real estate agent and they can help you in tis situation..Need help? I work for a Real estate Company..Maybe i can help
2007-07-09 20:07:52 · answer #10 · answered by Anonymous · 0⤊ 1⤋