How Long Does It Take For Most 2nd To Foreclose?
I've heard many mixed opinions on this. The sellers are 2 months behind on both the 1st and 2nd. 2nd claims they want to foreclose no matter what and believes they can recoup their losses-----which I am building a case to refute.
I would guess it depends on the state (Kansas) somewhere around 6 months.
Jim
THis should be simple to do if you have done due dilligence. Get the figures together and go from there.
[addsig]
Kansas is a judicial, mortgage foreclosure state. Estimates of time required from default range from 6 months to 12 months, depending upon whether the foreclosure is contested.... and don't forget the Right of Redemption