What happens once a foreclosure proceeding begins?

Submitted by Veronica from CA - 02/24/2010 - 12:22pm

I have a mortgage loan in California. I just got a notice in the mail saying my loan file has been referred to an attorney with instructions to begin foreclosure. How much time do I have to prevent this from happening and from being kicked out of my house? Also, years ago i took a home equity loan to consolidate my bills with another bank, will they go after me if this foreclosure happens even though i continued to pay it every month?

You are not watching this post, click to start watching

Comments

Submitted by Michelle - 03/12/2010 - 12:19pm

If you go to the Learning Center in ForeclosureRadar you will find a complete foreclosure guide for the California foreclosure process. You can also copy and paste http://www.foreclosureradar.com/ca-foreclosure-process. If you are current on your second they would not have any reason to pursue a foreclosure unless the 1st files a Notice of Default and then they could take action to protect their interest.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Before You Post

All comments should be relevant to the topic of the post and are subject to the terms found in our User Agreement.

Asking a Question

If you'd like to ask a new question, please start a new topic.

Please no SPAM.

We nofollow all links and promptly remove unsolicited advertisements - spamming here is a complete waste of your time, so don't bother. Vendors who actually answer questions and provide value to our forums may include links to their company or service as part of their signature.