How much time before the bank will foreclose

Posted by Kim on February 23, 2005 at 09:14:32:

I have a house in CO that I owe 337,000. It has been on the market for 6 months. we moved to NC and purchased another house. After 6 months of paying two mortgages, we can simply not afford to continue the payment on the CO house. How long do I have to not make any payments until the bank starts foreclosure proceedures? And is it best if I just call and volunteer foreclosure?

Follow Ups:

• Re: How much time before the bank will foreclose - mike 16:20:58 04/05/05 (0)
• Re: How much time before the bank will foreclose - Donnie H. Best, Sr. 08:53:16 02/28/05 (0)
• Re: How much time before the bank will foreclose - Donnie H. Best, Sr. 08:52:15 02/28/05 (0)
• Re: How much time before the bank will foreclose - Ray 15:04:26 02/23/05 (0)

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: I have a house in CO that I owe 337,000.  It has been on the market for 6 months.  we moved to NC and purchased another house.  After 6 months of paying two mortgages, we can simply not afford to continue the payment on the CO house.  How long do I have to not make any payments until the bank starts foreclosure proceedures?  And is it best if I just call and volunteer foreclosure?


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