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Answers (3)
- Ben Faubert, "Ben Faubert"
- Contributions:216
It also depends when they made there last payment
- Derek Bauer's, Door to Dreams Team, "DoorToDreamsTeam"
- Contributions:547
It largely depends on where the home is. Michigan, for instance, has a, "redemption," period as relates to foreclosures. Here, the process can be accelerated if the property has been deemed to be, "abandoned." Thus, it really depends on the laws and protocols in your market area...
- ron2cape
- Contributions:1
It Depends on whre they are in the process.Some people try to do a short Sale.Which means the seller owes more than they can sell the house for. In this case the bank has to agree to take the lower amount. That usually takes from 3 months to as long as a year.
If the application for foreclosure has been recorded it could either go to an auction or it god be given to a Realtor to sell. That could take 3months to about 6 months be for the property is ready to be sold.
If you have any further questions you can email me at ron@authentichomefinder.com. I am an exclusive buyer Broker.
If the application for foreclosure has been recorded it could either go to an auction or it god be given to a Realtor to sell. That could take 3months to about 6 months be for the property is ready to be sold.
If you have any further questions you can email me at ron@authentichomefinder.com. I am an exclusive buyer Broker.
How long does it take a house to be foreclosed on when the house has been empty for over 285 days?
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