alaskalake
New Member
I am in default of a land contract and would like to know if the owner forecloses how long would I have to move out? I know I am in the wrong and am currently working with a mortgage company to see if I can get a loan to pay the balance of the contract instead of loosing everything. The three year contract is up in August of this year, but I would like to pay him before if I can.
I have been making $1250.00 payments for over 24 months (including a $9,000.00 down-payment) and keeping up costly insurance (over $4,000.00 per year.) As part of the contract I have had both buildings professionally painted and installed a brand new energy efficient natural gas furnace (and removed the old, leaky, fuel oil boiler.)
I am behind on property taxes and two payments right now.
Would I have at least 30 days to "get out" if he forecloses? Or would it be more like 5-7 days. I know I am in the wrong, but I just want to know how long I would have to find another place to live if I cannot get the money to pay him.
Thank you...
I have been making $1250.00 payments for over 24 months (including a $9,000.00 down-payment) and keeping up costly insurance (over $4,000.00 per year.) As part of the contract I have had both buildings professionally painted and installed a brand new energy efficient natural gas furnace (and removed the old, leaky, fuel oil boiler.)
I am behind on property taxes and two payments right now.
Would I have at least 30 days to "get out" if he forecloses? Or would it be more like 5-7 days. I know I am in the wrong, but I just want to know how long I would have to find another place to live if I cannot get the money to pay him.
Thank you...
