Colli Real Estate

Foreclosure Ohio? please help?

Please someone can give me a timeline? our last payment is due in the March mortgage is with Chase 15th.our bank.my her husband lost his job and theres no way we can pay for this just want house.ie What is the timetable? How much long before the Sheriff shows and launch our orders? I've heard anywhere from 90 days to 8months.does that means 90 days after the file Lock or 90 days after our last payment was made? im really freaking here, we have 3 children and no need options.i definitive answer, please. Anyone Ohio has tried to Chase bank through foreclosure? Ive also heard depends bank.were try to sell, but the housing market is slow real right now and the real estate agent, said it could take up to a year to sell all or longer.thanks answer.mari

Basically, you have approximately 8 months after the publication of NOD (notice of default). This is the charge that came with your local court to start the implementation process mortgage. Once the file about 8 months. In general, the NOD issued 90 days after your first missed payment. Note that there is no period of redemption in Ohio, so if the property comes to auction, is gone. Furthermore, the same who have issued an NOD after that until the day before the date of sale, the Mortgage Corporation is always willing to negotiate with you to stop the foreclosure. They must prove they can afford the property and that are willing to work something with you. Chase is very good to accept a loan modification, where he most of the amount due at the end of the loan.

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