Posted by Nigel Swayzy on December 26, 2002 at 12:02:47:
In Reply to: foreclosure posted by Anna Smith on December 24, 2002 at 02:02:31:
: i own a condo in il and have been working with my mortgage company to refinance (i am four months behind on my mortgage payments). last week, the mortgage consultant (from the company) told me that my mortgage was in foreclosure, yet, i have received nothing from them. two questions: how fast will the foreclosure move, and when and how will i be notified?
It takes 6 months normally. However, when you didnt pay you have breached a contract and technically, the mortgage company do not have to notify you. What state do u live in?
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