In general, mortgage companies start foreclosure processes about 3-6 months after the first missed mortgage payment. When neither of these things happened, they either decided, or were forced, to let your home go into foreclosure. The Purchaser will sign an Acknowledgment of Purchase and the Conditions of Sale. At a minimum based on my experience for most clients I have represented whether they receive an acceptable modification or not the mediation process does take eight months and sometimes longer.
That means, simply, that all tenants in Los Angeles are protected against eviction after a landlord’s foreclosure. The entire judicial foreclosure process, from the borrower’s first, missed payment through the lender’s sale of the home, usually takes 480 to 700 days, according to the Mortgage Bankers Association of America.
In United States, during the sale of Tax Lien property, the original owner of the property will not be entitled to participate. They said you have to go to the police to report it and they have to fill out a police report and submit it to the states attorney and then they would decide whether to do anything or not.
If you agree to a voluntary foreclosure under this procedure you will be giving up your right to reclaim or occupy your property. Many of my clients receive offers of credit immediately after their bankruptcy and many buy homes with good interest rates within two years of bankruptcy.
I suspect residency (read legal, or lack thereof) status is a better predictor of falling into foreclosure than race is. That is what the state level data strongly suggest, anyway. I have worked with many foreclosure Defense Lawyers in the State of Florida that can help people facing foreclosure.