Answering your questions about bankruptcy, business law, wills/trusts/probate, and family law in Austin, Texas.
Thursday, December 09, 2010
How long does it take for the bank to foreclose on my house?
Answer: On average it takes more than a year.
Source:
"The average loan in foreclosure—the process typically starts when a loan becomes 90 days past due and a bank files a complaint—had been in default for 492 days."
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