QUESTION
How long can it take for a bank to foreclose?
Asked on May 09th, 2012 on Foreclosures - Florida
More details to this question:
My name is still on the tax rolls for a house that I vacated due to bankruptcy over 3 years ago. Is there a time limit the bank has to foreclose on the property or can this be in limbo for eternity? Can I move back into the house if they have not foreclosed. Is it still mine? The mortgage company went bankrupt themselves. The company that changed the locks and posted a contact form is not the original lender.
2 ANSWERS
Commercial Bankruptcy Attorney serving Davie, FL
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Law Office of Jeffrey Solomon
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If you still own the property you have the right to move back in. You should check with the public records or an attorney to see whether the foreclosure was finished.
Answered on May 16th, 2012 at 12:31 PM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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It can take many years for a bank to foreclose. If there are no records regarding a foreclosure of this property, you are still the owner. This is not suprising. I have one client who has not paid for slightly over 3 years and is still in the home.
Answered on May 16th, 2012 at 12:24 PM