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Reply #92: Regardless of the circumstances [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Rage for Order Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-02-08 10:42 PM
Response to Reply #59
92. Regardless of the circumstances
Edited on Wed Apr-02-08 10:43 PM by Rage for Order
They were in the house a minimum of 120 days after they stopped making their mortgage payments. Note holders don't even begin foreclosure proceedings until you're 120 days late. They then have to go through the proper legal channels to get a court order to evict the occupants. The occupants are then notified that they have to vacate the home by a certain date. Finally, on that date (usually at least 180 days after they made their last mortgage payment), the bank (or whomever) will arrive and take ownership of the house. Six months notice is more than enough time for someone to line up storage at a mini-warehouse if nothing else.
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