how long does the foreclosure process normally takes?

Can I stop foreclosure on my house if it has already started?

My son has been a car salesman for years and made a good living. With the economic problems, he has really been hurting! Now he is behind on his mortgage and has received a 7 day letter from his mortgage holder. He has already used up his savings. Is there some gov’t program or intervention that can save his home?

Yes there is. You may contact the lender that is doing the foreclosure, tell them you have a vested interest in the property, and you need to know the amount that is owed to them to stop their foreclosure.
They might want proof so you might want to get a copy of your lien from a title company. Faxit to them as soon as possible.
Once you have this information, contact a foreclosure service in your locality, give them the information and they will foreclose on your behalf.
Some charge an up front fee and some don’t, so if you are short of funds you might shop around until you find one that take their fees out on the back end of the foreclosure. They will take over the foreclosure from the previous lender.
It does not matter unless you don’t have the funds because who ever pay for it will get it back if the owner bring the foreclosure current or the house is sold at the bid or sale.
If the house do not sale then you will have to come up with the monthly payment to the mortgage company as well as the foreclosure services fee, but the house is now yours.
I hope this has been of some use to you, good luck.
“FIGHT ON:

The only way to stop it is to pay the back mortgage and taxes and bring it up to date, or sell the house for more than you owe. Otherwise it will happen.

A bankrupsy only gives you a little more time. You can only stop the procedure by bringing your account current.

Without filing bankcu… My mortgage is 4000 a month. Is it possible to save the house and lower my payments. The bank said they gave and alotment of foreclosures to a law firm . They will not give me that information.

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Please let me know the process

Yes you certainly can, but if you wait until the sale date is set, you might have to file chapter 13 bankruptcy to stop it. You will get a lot of answers here from sarcastic people saying “pay up your account”. But I realize that you wouldn’t be here asking this if you currently had the ability to get current on your mortgage payments. I feel bad for you and everyone else in your situation.
There are some things that you can do, and several options are available. You should check out this blog that was created by an expert in the field of foreclosure law to help consumers who are late on mortgage payments…….http://how2avoidforeclosure.blogspot.com
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I’ve heard rhode island is pretty quick. we cant afford o pay and the mortgage company refuses to pay. How long do we have before we have to be out of the house?