foreclosure --texas and missouri
Date: Sun, 10/15/2006 - 07:14
fyi------foreclosure in missouri and texas are 21 day foreclosures which means that when you get the certified letter stating that foreclosure has begun you have 21 days to catch with your loan with attorney fees or to pay off the loan. In all other states the timeline varies because they go thru the court system which is really slow. In illinois it usually takes about a year for a foreclosure to happen.
I know in OH, from watching the foreclosures in my subdivision,
I know in OH, from watching the foreclosures in my subdivision, it is also a very long process. I have seen houses sit in limbo for almost 2 years before anything is done. It has a huge impact on the value of the other homes in the subdivision. 21 days is pretty quick.
