I am, as of 6-17-2008, 3 months behind in my mortgage.
Only a miracle would get me current. What I'd like to know is, plain and simple, how much time do I have before I have to vacate my home, before the mortgage company can force me out?
I know that they can, in all likliehood, and under law, force me out tomorrow, but what is "customary" in, for instance, California?
Thank You

George_1950

Your mortgage company must foreclose; this is ordinarily 'judicial' (through the court) or 'non judicial'. Either way, you will receive a notice of sale by auction. You should be able to remain up until that time, and it will depend on how quickly the purchaser wants you out. You may be able to work out a lease with the new owner, or it may have you evicted. It could go either way.

creditor

don't give up... get your original paperwork together especially the mortgage and note and start reading to get a understanding on what you agreed to. get yourself a law dictionary and look up whatever words you don't understand particularly; note, mortgage, and deed. Knowledge is power and truth is paramount.All is not lost.

George_1950

Then again, if you want a miracle, the mortgagee might let you pay this in an alternative way; and there is always the old reliable, Chapter 13.

Fr_Chuck

Can you start making the current payments and not fall any further behind ? If you can, often they will work with you. They may start foreclsoure at any time if they want, And it can depend on just who the lender is, I have seen homes go 6 to 9 months before the lender foreclosed, I have seen others do it after 2 months.

ScottGem

First, no one can answer your question. There are several factors involved and each situation may be different. The first step is to place the house in foreclosure, which will setoff an approximate timetable.

Second, with the current mortgage credit crisis, lenders are more willing to work with homeowners. Lenders are not in the real estate business so they don't want to foreclose if its avoidable. So you need to work with your lender on alternatives. Maybe a refinance that will lower your payments and include the arrears. Or maybe just adding the arrears to the end of the loan.