Legal Question in Real Estate Law in Washington
if my home is going to be foreclosed upon because I am no longer able to make the mortgage payment, how long do I have to live in my home until I am required to move out? will the bank force me out in a few months or could it be longer?
1 Answer from Attorneys
About the quickest that it can be done is 190 days from when you first miss a payment. There are other ways to get more time, including but not limited to bankruptcy. Sometimes, especially in this market and if the house does not have significant equity the mortgage company will want work with you to keep it off the market. There are specific programs for adjusting/restructuring mortgages and the mortgage company probably has somebody who will collect some basic information from you and propose a program that fits for your situation. If not, try contacting the WSBA mortgage foreclosure legal aid project: http://www.mywsba.org/default.aspx?tabid=161.
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