How much time does it usually take in Missouri for foreclosure?

We are filing for bankruptcy in order to relocate for my husband's job. It's going to take at least another month for us to find a place to live and have the money for deposits, etc. The mortgage co. called today and said they are referring it to their foreclosure dept. as of tomorrow. We still have to come up with the filing fee for the bankruptcy as well. We cannot sell the house outright because we are upside down in it. Does anyone have experience with this and can give me an idea of a timeline? If we have to leave before we are able to get the money, we will be living on a campground and I really would not like to do that with three kids.

Public Comments

  1. Generally speaking a foreclosure takes about 6 months, but there is no hard time line you can count on. If the mortgage company is "saying" they are referring to the foreclosure department and you haven't received any threatening letters from lawyers, you should have more than enough time to make the big move. Still, you should be wary that landlords of the place you are moving to aren't going to welcome you with open arms with a foreclosure and a fresh bankruptcy on your credit report. Make sure you pack the tents when you move just in case. Good luck
  2. In most states in the USA, a mortgage company can begin foreclosure with one missed mortgage payment.....
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