A Tulsa foreclosure Attorney Can Prevent This Timeline From Being Fully Carried Out
If your house faces foreclosure it is important to contact a foreclosure attorney in the very near future.
1. The Summons:
A foreclosure begins when you are served a summons and copy of the complaint that has been filed with the district court in your county. Either a process server will personally hand you a copy of the lawsuit, or you will sign for it as certified mail.
The summons will state that you have certain number of days (typically 35) to answer the lawsuit. The time to answer starts running the day you receive the summons, not the day the lawsuit was filed.
2. Whether or not you respond to the lawsuit in the alloted time will make all the difference in your foreclosure timeline. If you do not respond in the allotted time, your lender can ask for a default judgment, meaning that by not answering you are admitting everything they alleged in their lawsuit against you. If this happens, you can move straight to Step 3 of the timeline.
However, this step in the process is where a Tulsa foreclosure attorney can step in and buy you anywhere from 6 months to 2 years to either save your home or continue living in it without making payments for as long as possible. Most people want to do whatver they can to save their home –and typically they will need a Tulsa foreclosure attorney to stop the foreclosure. Even if you plan on letting your home go, hiring a Tulsa foreclosure attorney to buy you extra time in the house without making a mortgage payment can help you save money and land on your feet when you finally move out.
Once your lender has a judgment, the foreclosure process has a predictable timeline:
3. A date will be set for a Sherriff’s Sale of the property. You will get about 45 days notice.
4. 3 weeks after the Sherriff’s Sale takes place, there will be a hearing at the courthouse to confirm the sale.
5. Soon after the confirmation sale you will receive a notice to vacate the property within 90 days, if you have not already left.