Just Served Foreclosure Papers What to do
Posted by Brad Officer on
Just Served Foreclosure Papers, What to do?
After about 4 months of not paying your mortgage, most banks have an automatic button that gets pushed to start the foreclosure process. You will know when this happens as they will "serve" you papers.
Being served foreclosure papers is not fun. The first thought is that you must move by morning....which isn't true.
You will have to move, but not for some time. The average time in Florida is 12-18 months for a bank to file suit and finally auction off the house. You have time on your side.
Important items to know about Foreclosure in Jacksonville:
- When served papers, Lis Pendens, you have 20 days to respond to the suit. Talk with an attorney immediately. Just about every attorney on…
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