Ch. 7. Motion to lift stay(mortgage) In Arrears.How long do we have?
I am three months behind.. Filed chapter 7 two weeks ago. I have gotten 1 letter when i was 2 months behind giving me 30 days to pay or the foreclosure process would begin.( According to that it would have started on march 9th) I don’t mind leaving. I feel grateful that we were allowed to stay as long as we have…but…when will we be out? What’s the time line? What’s the process the lender needs to go through?
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This completely depends on your state laws regarding foreclosure.
In some states foreclosures can happen pretty swiftly, i.e., within weeks. In other states it can take 6 months or more.
In general, if you live in a “judicial foreclosure” state it will take longer; in a non-judicial foreclosure state the process is generally considerably more brief.
Your bankruptcy attorney will be familiar with this. Give his or her office a call and ask.