My mom told me that our house is on forclosure and i have no knowledge on that. How long before we have to move out?? I'm only 17 i want to try to do anyhing to help my mom save the house, i have 4 little sisters too. My father and step-father don't do anything to help .. what can i do???? i need any information that can help .. I like in Illinois. PLEASE HELPPP !!!
2007-11-03 08:14:52 · 5 answers · asked by xxagaplxx 1 in Business & Finance ➔ Renting & Real Estate
i live *** in Illinois, sorry.
2007-11-03 08:15:20 · update #1
Move your belongings as fast as you can. When they knock on the door with a warrant in hand...they will throw your stuff on the street, along with you. Either find a way to catch up on the payments or suffer the wrath of the establishment. Sorry...but it's a fact of life in our society. Sympathy is not a word you will find in the foreclosure code book.
2007-11-03 08:25:43 · answer #1 · answered by chilicooker_mkb 5 · 0⤊ 2⤋
After approximately 3 to 6 months of neglected funds, the lender orders a trustee to checklist a word of Default (NOD). on the County Recorder's workplace. This places the borrower on word that she or he's dealing with foreclosure and starts a reinstatement era that sometimes runs till 5 days till now the home is auctioned off. ultimately, this word of Sale is likewise printed in newspapers community to the county in query over a three-week era. this is known practise and not particular on your state. i think of the financial enterprise does no longer waste lots time in case you haven't any longer made a value in a whilst.
2016-10-03 06:31:34 · answer #2 · answered by palombo 4 · 0⤊ 0⤋
When you are required to move depends on what stage of the foreclosure process you are in. If you are in the earlier stages of foreclosure, it may be a year before you are evicted. Time frames vary from state to state, due to differing laws on how the foreclosure process must occur.
The only salvation of the house will include paying off the overdue balance involved, and quickly.
2007-11-03 08:20:48 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
Usually 12 months. You can go to your local clerk of courts website and see the status of your foreclosure. It will tell you when it goes up for auction, then tell you what stage the court procedures are in. You have about a year usually, sometimes longer.
2007-11-03 08:18:58 · answer #4 · answered by stratmagic 2 · 0⤊ 0⤋
IT TAKES 1 YEAR ...IM AN AGENT MYSELF LET ME KNOW IF I CAN HELP ...YOU CAN ALSO LIVE THERE FOR 1 YEAR ..AND DO A SHORT SELL TO A FAMILY MEMBER AND STILL KEEP THE HOUSE GOOD LUCK !
2007-11-03 08:53:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋