Question: I am two months behind in my mortgage payments. What time do I have before the bank starts foreclosure proceedings? Answer: Typically, if your mortgage is with a large bank or mortgage company, the lender usually waits until you have missed 3 months of consecutive payments. In the state…
As foreclosures become more prevalent in the Alpharetta, North Fulton region, there is a widespread belief that foreclosure equals opportunity. Unfortunately, this is where the misconception begins. Today’s mortgage crisis can be traced back to lenders who, just a few short years ago, started loaning money to homeowners with marginal…