Colli Real Estate

How long after you stop making payments on your home until you get kicked out?

A friend of mine lives in Michigan and he said he stopped making their house payments 4 months ago and the bank has not started foreclosure. I also say that Once you get the notice to 6-8 months before you leave home. Is this true? Power to live free for a year?

Each situation is different, and banks closed only if no other way to fix something. There is a federal law just signed yesterday in the law that is supposed to help people in foreclosure. That Once that was what the bank was waiting. I also think that any capital that your friend has created, will also be lost. In addition, your credit score is in the bathroom for years.

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