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View Full Version : Default on mortgage holding


danelleh
Dec 20, 2010, 10:54 PM
I am holding a mortgage for some friends on my home . They have run into financial trouble and have not paid in months. How long will it take me to get the house back?

joypulv
Dec 21, 2010, 03:08 AM
It depends on the laws of your state and can take months. Some states give the defaulting homeowner a lot of time, including after the foreclosure is complete and they have been evicted.
You need to file papers at your city hall ASAP if you haven't.