how does foreclosures work and how long does it take, how is the best way to prolong foreclosure if i fall behind on payments any tips and advice is welcome. someone told me that if i make one of of every three payments that could delay the foreclosure process for years is that true or false. also i have my home on the market will the bank let me slide on the payments until the house is sold i have a few hundred thousand dollar left over after the sale that i dont mind paying my past due payments its just right now i am unable to make them. any advice to have is great thank you
the home is located in new york , i figured i would add that because im sure the laws change from state to state
If you hire a laywer, they can work it to stalll the foreclosure but most situations, once they start the proceeding, you need to pay out the amount the bank requires to get it out of foreclosure proceeding or else it is a done deal.
No bank would let you wait to sell your house to pay off the debt and loan, but the best you can do is to save this is to get money loan from family or friends, and get the house sold.