Legal Question in Real Estate Law in Kentucky
A neighbor recently moved out of his home and does not intend to return. How long before the bank takes possession? Is this abandoned property?
Asked on 2/28/11, 3:02 am
1 Answer from Attorneys
Andrea Welker
Welker Law Office
The bank has to foreclose first, if he's stopped paying the mortgage, and the property sold, before anyone could have the right to enter. Depending on the county, as well as records complications, it could take a few months, or up to a year.
Answered on 3/02/11, 8:40 pm