how long does the foreclosure process normally takes?

A friend of mine stopped paying for their home that is upside down. Now it’s in foreclosure and they received notice of auction date. Do they still have a chance to negotiate with the bank to sell property on short sale? Please advise.

I think I will be going into foreclosure here in a few weeks, but I know that in about about a month I will have enough to “catch up” with my payments. If I “catch up”, does it still keep heading to foreclosure?

So that I can get the money to find a place to rent.

I have a first and second mortgage (to avoid PMI) and I am wondering if, after foreclosure, if we are going to be liable finacially for the banks loss, or the difference between our loan balance and what they get in the foreclosure sale? I know that our credit score will be affected, but I am wondering if that is the only repercussion? I also know the laws are different in states I am in Nevada anyone that knows the nevada foreclosure law specifically would be great. I am also wondering once we move out, assuming we do so before notice to evict what role will we, as the homeowners, need to play in the foreclosure process? I have heard that you must fill out a 1099 form for taxes? saying the difference between the amount owed and what the bank gets is roughly 30,000 what would that mean we pay at tax time?

Im in bankruptcy, but they are foreclosing on my home, what can I do to stop it?

It depends on how late the mortgage went. Many lenders look at a 90 or 120 day late as a foreclosure and treat it the same whether you sold the house or not. On the other hand if you avoid foreclosure you are going to be better off, the bank can come back on you after they sell the home and get a deficienccy judgement against you for the difference between the selling price and what you owe on it with the cost of the sale as well. You may have to wait a year or two if you are looking for zero down. If you have money to put down you may be able to do it right away but the rrates are going to be less then favorable.

The bank is foreclosing on my relative’s house in 3 weeks. The thing is that he is older and left the state for a long vacation without making arrangements for paying his mortgage.
He’s back now and has the money to pay everything that is owed. Can he still fork over the payment and avoid foreclosure? Or is foreclosing inevitable once the process starts? What can he do?

Our mortgage was a variable rate mortgage, and my husband had lost his job and bills were out of control… We decided to cut our losses and do a short sell and avoid foreclosure (which had started). At this present time we are slowly regaining financial abilities even thru our country’s economic hard times…We want to purchase another home in about a year. Will banks see me as a risk, and deny me a mortgage because of my past situation?