If you can't make your House payment/Mortgage.... how long before you will be evicted/forclosed?

Question

Do they give you 3-4 months? Legally does it take a while? etc

IN Pennsylvania

Answer 1

Law says they have to give you 90 days, then it takes about 90 days for law enforcement to react. so about 6 months

Answer 2

When your mortgage goes into default (when your first payment is late), the mortgage company will contact you. After that, a notice of default is sent out- usually 90 days after the date of default. Then foreclosure proceedings are initiated. The total time from missed payment to out on the street varies by state. If you post your state, I will try to post additional details.
EDIT from Realtytrac.com:
In Pennsylvania, foreclosures are carried out through the court system. The foreclosure process takes about 10 months, not including the pre-foreclosure period.


Pre-foreclosure Period


Before the foreclosure process can begin, the borrower must be at least 60 days late on payments. The lender usually sends the borrower two letters before starting the foreclosure. These letters notify the borrower of the impending foreclosure and give the borrower options to prevent the foreclosure. The owner has a period of 2-4 months to find a way to prevent the foreclosure before the lender takes further action.


If the borrower does find a way to prevent the foreclosure, the lender files suit against the borrower for the amount due. The borrower is notified of the foreclosure action in person or by publication and mailing if necessary. After the borrower is notified of the foreclosure action, they have about one month to respond before the court directs the property to be sold to recover the amount due.


The borrower can still prevent the sale at any time up to one hour before the sale by paying the full amount owed.


Notice of Sale / Auction


At least 30 days prior to the sale, the county sheriff gives notice of the sale by putting a handbill on the property as well as delivering a copy of the notice to the borrower. The sale is advertised at least once a week for three consecutive weeks in both a local general-interest newspaper and a local legal newspaper.


The sale is a public auction overseen by the county sheriff and takes place 1-2 months following the court's order. The property is sold to the highest bidder and the sheriff completes the necessary documents to transfer ownership. The sale may be postponed once up to 100 days by announcement at the sale. The court must approve any further postponements.


There is no right of redemption for borrowers following the sale.

Answer 3

90 days. Contact you bank as early as possible. They may be able to work with you. They do not want you to go into forecloser. If you wait until the 90 days are up then the likelihood of them helping is near zero.

Answer 4

I think maximum of 90 days.. In mean while just take a look at the link below to get free loan quote

Answer 5

In PA, about 90 days (3 months).

Answer 6

Ussally 90 days.

With the recent mortgage issues you probably could slide a little longer - they want you money and not your house.

If you are having issues - call you mortgage lender and they
will work something out for you.

Answer 7

Some lenders are willing to make payment arrangements due to the way the market is right now. And it also depends on your situation. Have you tried to contact your lender?

Answer 8

reliable question-- Im going to could come lower back up with a sparkling evacuation plan... i might end answering my question and then afterwards positioned up a query:: My house is burning, could I run out or end, drop, and roll?? Addition info-- HURRY IM not KIDDING!!