Topic

We are filing for bankruptcy in order to relocate for my husband is job. It is going to take at least another month for us to find a place to live and have the money for deposits, etc. The mortgage co. called today and said they are referring it to their foreclosure dept. as of tomorrow. We still have to come up with the filing feefor the bankruptcy as well. We cannot sell the house outright because we are upside down in it. Does anyone have experience with this and can give me an idea of a timeline? If we have to leave before we are able to get the money, we will be living on a campground and l really would not like to do that with three kids.

 

How much time does it usually take in Missouri for foreclosure

In most states in the USA, a mortgage company can begin foreclosure with one missed mortgage payment...

 

How much time does it usually take in Missouri for foreclosure

Generally speaking a foreclosure takes about 6 months, but there is no hard time line u can count on. If the mortgage company is ''saying'' they r referring to the foreclosure department & u have not received any threatening letters from lawyers, u should have more than enough time to make the big move. Still, u should be wary that landlords of the place u r moving to r not going to welcome u with open arms with a foreclosure & a fresh bankruptcy on ur credit report. Make sure u pack the tents when u move just in case. Good luck