What Happens When You Foreclose on a House?

There are a lot of things to consider when you are facing the possibility of a foreclosure. The effect that the foreclose will have on your credit, how much time you will have to move, and whether the bank can come after you to collect if the house doesn’t sell for a high enough price are just a few. Before you can decide what you are going to do about your situation, you need to know what happens when you foreclose on a house.

The Timeline for Foreclosure

The foreclosure process can take anywhere from one to ten months, depending… Read more »