Foreclosure Prevention Question: My house is in foreclosure? When will I have to move out?

Posted on November 6th, 2010 in All Articles, Short Selling/Buying.

Chicago IL – The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I’ll call him Dave to protect his identity.

(Foreclosure is embarrassing and I don’t want to put his name out there.) Dave asked, “I haven’t made a house payment in a while. I’m just wondering how much longer it will be before I have to move out?”

Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

Here is the answer to Peter’s Question. It all depends on what his plans are and how tight he is on money.

Most people in foreclosure are at a disadvantage because they how the process works. Here is the answer to his question.

It all depends what on the state he is located in and whether or not his lender has started the foreclosure process. So the first thing you should do is find out if the foreclosure has been started.

You can do that by calling the courthouse in your county or town. for example, if you live in Orange County, then you would call the Orange County Courthouse. They will direct you to the correct person.

Once you find the correct people, ask them for the foreclosure department. Then, ask the clerk there how you can research if a foreclosure has been filed against you.

They will either direct you to a website, or look up the information on their computer. Here is why it is important to find out if the foreclosure has been started.

We have seen many lenders wait 8 months, 12 months, and sometimes even longer, to start the legal foreclosure process. Many of them are backed up and don’t have the staff in place to handle everything.

Once the foreclosure has been started you will want to see how far along it is. Every state handles foreclosure process differently. In addition, they all have different time periods for redemption.

Because of that, I would recommend you contact a competent Stop Foreclosure Institute Specialist in your area. I am the local specialist for Chicago Illinois.

If you are located in Chicago and want more information on the status of your foreclosure, then send me an e-mail at myrealtorphil@gmail.com. I will contact you for a free consultation. Or, if you prefer, then you can call me at (312) 953-6725.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Remember to visit my Chicago short sale blog frequently for great tips and information on short selling in Chicago www.Chicago-ShortSaleBlog.com

Thinking about a loan modification? Our Chicago Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Phil Buoscio.

Phil is a Real Estate Agent at Better Living Realty – Buoscio Brokerage, Inc..

Phone: (312) 953-6725. myrealtorphil@gmail.com.

View My homes for sale at www.BetterLivingRealty.com.

Phil Buoscio specializes in loan modifications and short sales in Chicago Illinois. Chicago Loan Modification Help. Chicago Short Sales. Chicago Short Sale Realtor. Chicagoland Short Sale Realtor. Chicago IL Short Sales. Chicago Realtor.
Phil Buoscio, is a broker with Better Living Realty he leads the sales team “Phil Buoscio Team” and specializes in short sales in Chicago Illinois. Chicago Loan Modification Help can be referred to you. We don’t do loan modifications ourselves but we work with those who do.
We know Chicago Short Sales. I am a Chicago Short Sale Realtor. Chicagoland Short Sale Realtor. Chicago IL Short Sales. Chicago Realtor. We do business in Pilsen. McKinley Park. Bridgeport. Wicker Park. West Town. Ukranian Village. Lincoln Park. Near North. River North. East Village. Logan Square. Uptown. Edison Park. Portage Park. Hermosa. Lincoln Park, South Loop, West Loop. Bronzeville. Hyde Park. Kenwood. Oak Park. Brookfield. Cicero. Berwyn. Evanston. LaGrange. LaGrange Park. Riverside. We sell condos, single family homes, lots, land, multi units, two flats, three flats, etc.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Buoscio’s personal views and do not reflect the views of Better Living Realty – Buoscio Brokerage, Inc.. This information on Foreclosure Prevention Question: My house is in foreclosure? When will I have to move out is provided as a courtesy to our viewers to help them make informed decisions.