How long does it take and what procedures does one who is being foreclosed on have to go through to get back in the game of buying necessities and downsizing to an older vehicle and finding an apartment and the like? We have had record foreclosures and I think their funds are tied up in legal rope while they await their settlements, right? How long before they are back in the game of buying items like used cars and used furniture and food and stuff if they have a job, but just can’t afford a mortgage on a house?
I am assuming, of course, that the debtor’s cash is being eaten up by legal expenses and the like in the bankruptcy thing to “get it over with” as quickly as possible.
I am looking for a time frame here, not “sooner than you think”! K?
Real Estate Professionals
{ 2 comments }
