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Rainmaker
1,230,487
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Depends on state law.

Jun 01, 2017 04:35 PM
Rainmaker
1,331,032
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Depends on the state where the property is located, consult with a local real estate attorney.

Jun 01, 2017 06:24 PM
Rainmaker
992,649
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Stop Paying your mortgage.

NOD

NOS

Foreclosed!

Jun 01, 2017 03:41 PM
Rainmaker
4,821,201
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bryan,

The best information would be from your local well versed real estate attorney.

Jun 01, 2017 11:32 AM
Rainmaker
1,076,946
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Depends .... Ask a real estate attorney in your locality.

Jun 01, 2017 11:11 AM
Rainmaker
1,458,933
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It varies by state.  Hope you never have to personally find out!   If you're working with foreclosures as an agent, be prepared for a long process.  

Jun 01, 2017 10:24 AM
Ambassador
4,661,061
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I call my attny and he handles it, fortunately we have only had to do it once on a land contract.

Jun 03, 2017 10:17 PM
Rainmaker
3,445,178
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It's different in every state. 

Jun 02, 2017 05:57 AM
Rainmaker
4,798,519
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It varies by state.

Jun 02, 2017 05:24 AM
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Brian Burkhalter - it is up to the lender and local/state laws.

Jun 01, 2017 11:02 PM
Ambassador
3,985,078
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It is spelled out in the mortgage or deed of trust document. It is not the same in all states.

Jun 01, 2017 07:54 PM
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Depends on the state laws

Jun 01, 2017 07:23 PM
Ambassador
3,694,629
Patricia Kennedy
Redfin - Washington, DC
Home in the Capital

Where do you live, and what are the laws of your state?  

Jun 01, 2017 06:53 PM
Rainmaker
3,157,818
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It depends on your state as each state law is different. Take NH, the lender can send a notice of default, post the foreclosure auction for 3 consecutive weeks and foreclose on the 4th week. Done

Jun 01, 2017 06:19 PM
Rainmaker
3,921,596
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Each state is different..check your state's procedure. Looks like Joseph Domino 480-390-6011 has produced some good information for you.

Jun 01, 2017 05:04 PM
Rainmaker
3,003,307
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Brian Burkhalter It depends on the state, ask n attorney or title company.

Jun 01, 2017 04:10 PM
Rainmaker
3,374,664
Richard Weeks
Dallas, TX
REALTOR®, Broker

Depends on the state you life in. Judicial vs non judicial.

Jun 01, 2017 11:23 AM
Rainmaker
268,186
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Every state is different regarding the procedure, but I noticed you are in UT, so I can say that you are in a Deed of Trust state, That means that foreclosure is non-judicial. You start the process by providing "notice" and then follow the steps required by your state. You do not have to go to court in most cases.  We have a similar process here in AZ and we actually have services that you can hire that will handle the entire process very inexpensively.  You may have something similar there.

Try doing an internet search on the subject. You will find several sites that detail the process for Utah.

 

Jun 01, 2017 10:52 AM
Rainmaker
789,936
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

What Mary Yonkers & Ron and Alexandra Seigel (and others) said....-Kasey

Jun 03, 2017 09:35 PM
Rainmaker
5,772,273
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the laws in your state.

Jun 02, 2017 04:27 PM
Rainmaker
1,296,682
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

&^*%&^%#$&^%@&*^#%@#^%&^#%&^#@&^@

Don't pay your bills and you'll find out first hand!

Jun 02, 2017 02:25 PM
Rainmaker
1,583,733
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Jun 02, 2017 07:46 AM
Rainmaker
2,869,904
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

## you don't pay your mortgage the lender takes it back ## Default notice is filed. Sale date is set and published. Home is foreclosed.

Jun 02, 2017 07:39 AM
Rainmaker
1,402,227
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Brian Burkhalter State laws dictate what the procedure is here.

Jun 02, 2017 06:50 AM
Rainmaker
3,620,653
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

## It depends on the state.  

Jun 02, 2017 06:26 AM
Rainmaker
3,064,059
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Mary Yonkers nailed this one!

Jun 02, 2017 05:51 AM
Rainmaker
1,506,406
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Depends on the state. If you are interested in CA, give me a call. I work with distressed sales. Little or no reason to allow foreclosure on your records. 

Jun 01, 2017 11:53 PM
Rainmaker
811,370
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Pick up the phone and call your attorney.

Whether you are the resident or owner, the bigger crooks high the better lawyers. Banks have LOTS of high priced lawyers.

Jun 01, 2017 06:40 PM
Rainmaker
2,545,984
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Title company can comment well on this...Google for the quicker response

Jun 01, 2017 03:14 PM
Ambassador
1,706,647
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Talk to a bank.

Jun 01, 2017 02:23 PM
Ambassador
2,456,401
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Judicial here in Florida.

Jun 01, 2017 01:17 PM
Ambassador
3,677,261
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Consult a real estate attorney in your area.

Jun 01, 2017 11:38 AM
Rainmaker
563,107
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

State law - 

Jan 18, 2019 12:52 PM
Rainmaker
1,042,042
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

You'll need to review the laws pertaining to foreclosure in your state they won't be the same Virignia's foreclosure is much different from neighboring states.

Jun 11, 2018 07:20 PM
Rainmaker
61,616
Scott Thompson
Columbia Mortgage Plus - Blue Springs, MO
Commerical Finance - Blue Springs, MO

I think it is a credit swap thing of sorts where no money changes hands because nobody has the note or standing to make a claim.

Google MERS litigation.

 

Jul 01, 2017 01:10 PM