Question by Kitty: How long is the foreclosure process if I have already modified my mortgage once?
I modified my mortgage a few months ago and still struggling. I owe 5 and it’s worth about 0. So, after thinking about it I am considering just letting it go into foreclosure. Since I have already been thru this process with them and re-negotiated my mortgage, is the foreclosure process quicker? Will they start the forclosure process after I have missed only one payment? How long do I have to try and save money and find somewhere to live? Has anyone been thru this?
Best answer:
Answer by Daniel
you signed a document or two when you modified. I’d get started on reading the paperwork the answer you seek is in there. But from what I know about it is once u r given a modification u are not allowed a third chance. i beleive the process is expedited because of the modification. I m not sure of the amount of time though but Im sure its in your paperwork
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