Comment posted How Long Does Foreclosure Take From The Day I Stop Making Payments? by OutandAb.

In Rhode Island, it usually take about 2 months for the foreclosure process to complete (yes, pretty quick). Before they can evict you, they’ll send you notices to let you know (of course). Mainly what I see is that you don’t have to move out until you have a Sheriff’s notice at your door.
In many states, even after the house is sold, the ex-homeowner still remain in the house and eventually get a Cash for Key offer to move out. Whatever it is, if you’re not intent to further pursue a loan mod, save your money.
If you still want to see if you still have a chance, see to www.HUD.gov and contact a non-profit org that can give you some FREE assistance can guidance.
Good luck.

OutandAb also commented

• Power of Sale Foreclosure Guidelines
  If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed. Otherwise, the non-judicial power of sale foreclosure is carried out as follows:
  The lender must mail a written notice of the time and place of sale, by certified mail, return receipt requested, to the borrower at his or her last known address, at least twenty (20) days prior to the first publication, including the day of mailing in the computation.
  The lender must give notice of the sale by publication in some public newspaper at least once a week for three (3) successive weeks before the sale, with the first publication of the notice being at least twenty-one (21) days before the day of sale, including the day of the first publication in the computation.
  Said notice must contain the names of the borrower and lender, the mortgage date, the amount due, a description of the premises and the time and place of sale.

Recent comments by OutandAb

• What Does Pld: Notice Of Filing Commitment For Owners Policy Of Title Insurance Mean In A Foreclosure Docket?
  Sounds like they have a buyer and are working on the title insurance and the committment it needs to be issued.
• I Was Told That My Rental Is In Foreclosure And I Need To Find Out For Sure Where Do I Get The Information?
  Your property manager is obviously not licensed because they do not know what they are talking about!!
  Even if the house is in foreclosure, you still MUST legally pay the rent! You must pay until the day you move out or the day the owner no longer owns it.
  You can check local court records to see if anything has been filed, but that is all you can access. The lender will not talk to you.
• I Was Told That My Rental Is In Foreclosure And I Need To Find Out For Sure Where Do I Get The Information?
  Legally you need to pay the rent. Your property manager needs to be in jail.
  The bank that takes over your house will tell you when they have possession, at which time you stop paying rent and move out.
  Being “in foreclosure” doesn’t mean much, and there is no action you need to take at this time.
  You will have to ask the owners what is going on, the bank will not tell you the status, it is not any of your business.
• How Long After You Stop Paying Mortgage Do They Put Your House In Foreclosure?
  Average 3 to 4 months, but some people are 6 months past due.
• How Long After You Stop Paying Mortgage Do They Put Your House In Foreclosure?
  Usually about 6 months

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