Timeline For Foreclosure

The exact time line for foreclosure cannot be determined in any case because it purely depends on the circumstances of the foreclosure. However, the foreclosure is a process that has to be carried out by the court. Right from the day of initiation, it takes at least three weeks for the court to complete the paper work. After which the court sends out a notice to the borrower and ask them to repay the amount within 45 to 60 days in order to avoid a foreclosure.

How Is Market Value Determined ?

Market value for properties is determined using varied factors. There are several factors that influence the market price of any property. The main factors that can decide the market price is the location, school district, conveniences, ratings and also facilities. Then other physical factors such as age of the property, size, and land value finish, quality of construction and additional features that would be determining the price of the property.