The Foreclosure Blueprint - Bills, Bills and More Bills. It seems like lately they won't go away and they continue to pile up on the kitchen counter, that desk in the unused bedroom or that table that never really had a better use
Bills, Bills and More Bills. It seems like lately they won't go away and they continue to pile up on the kitchen counter, that desk in the unused bedroom or that table that never really had a better use. Weeks of them have congregated together to form a small colony.
The good news, those bills may come in handy if you are fed up with the current situation of your home and are ready to get out from under the mortgage payment and home debt. In order to have a foreclosure filed against you by the bank or in order to pursue a foreclosure, your mortgage payments must be behind.
Around the 3 month mark of non payment of your mortgage, the lender can then pursue a foreclosure against your property. Shortly there after, the lender will get their attorney involved to file a "Lis Pendens", Summons is issued and all parties involved will be served with the filings.
From this point forward you are in full swing with a foreclosure filing from the lender of your mortgage and knowing the next steps are crucial to fighting the bank to stay in your home, if that's what you want to do. The next best step is to hire a foreclosure defense attorney who understands the game of court and the happenings that follow.
Timeline of Foreclosure Defense:
Order on Pleadings. This is the very next step in the foreclosure process and then in the following order:
1. Pleadings are Filed
2. Hearing takes place of pleadings
3. Plaintiff responds to pleadings
4. Plaintiff files motion for Judgment Summary
5. Hearing for Motion for Summary Judgment takes place
The sale date of your home is placed within 30 - 120 days from the judgment hearing. Once the sale date has been set the certificate of Title is issued - showing the title will be moved into the banks hands. From this point on there's not much left.
The motion is filed for writ of possession and hearing and within no longer than 27 months the sheriff is knocking at your door with an eviction notice. In some cases this whole process can be sped up to be completed within a 6 month period leaving you in the blur.
Of course the eviction process can be avoided with the right foreclosure defense attorney to show up in court on your behalf, fight the filings and negotiate with the bank to suspend the foreclosure filings.
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