How long till bank takes my house from the time I stop making mortgage payment?
Posted by admin in Finance Tuesday, 27 September 2011 06:03 2 Comments
I owe more than what the house is worth so I am not going to pay it & live for free until bank kicks me out. How long will till bank kicks me out? I am in Southern California.
About 90 days.
Your credit will be ruined for 7 to 10 years and you won’t be able to get anything. Thanks for punishing everyone else for your misfortune. Can you say sociopath?
The process varies but generally around six months. Have you asked the bank about doing a “deed in lieu of foreclosure”?