Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How Long Does it Take to Foreclose on a Home?

April 26, 2017foreclose Home long does

0

Posted

How Long Does it Take to Foreclose on a Home?

1 Answer

0

Posted

Home foreclosure occurs when the homeowner falls behind in mortgage payments to the bank. The bank or lending company that made the original loan or the secondary buyer of the mortgage will begin the legal process of taking the property away from the homeowner and selling it at auction. The timeline may vary slightly due to individual lender policies.