How Long After Foreclosure Until Eviction?

In general, the bank will not start the foreclosure process until the homeowners are 3 to 6 months behind mortgage payments.  It can start as soon as your loan is in default (31 days late) but many lenders will give customers some time to get caught up, but you need to contact your lender

Highest and Best Offer?

So what is the tactic in offering on a foreclosure property when asked to present your highest and best offer to a bank on a REO listing? The Highest and Best Offer made a bank is their usually counter offer.  They are acknowledging that they received multiple offers and that there is

Foreclosure Loss Mitigation Departments

If you may go into foreclosure, try avoiding foreclosure by contacting the mortgage lenders' loss mitigation department. Here's contact information for Loss Mitigation Departments Ameriquest