I'm I'm living in a house that my husband owns?
1 attorney answer
Federal law requires the bank to wait until the loan is 120 days delinquent. After that they can initiate foreclosure proceedings which will take 30 days. So, essentially you've got roughly 150 days before the foreclosure will happen.
This post is for information purposes only and does not constitute legal advice, nor does it establish an attorney client relationship with Mr. Honsalek.