Monday, May 21, 2012
Who is responsible for the mortgage payments during the foreclosure transfer process?
KG asked:
It usually takes approximately 90-100 days to effectuate an uncontested foreclosure. During that time, who is responsible for the payments, if anyone?
It usually takes approximately 90-100 days to effectuate an uncontested foreclosure. During that time, who is responsible for the payments, if anyone?
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The bank will even tell you once the foreclosure process starts, if you pay anything, it’s just wasted money.
Take it as a gift and save up for a deposit on your rent – you’re going to need it cuz you won’t be able to get another loan for the next 7 to 10 years!