[annne]

How many months of nonpayment do you make before the bank will start to take your house from you? What actually happens when you stop makinng your house payments?

[ann h]

if you miss 3 payments the lender Ill file a notice of default. After that it depends on your communication with the lender and how busy they are. If you do nothing it will take an additional 3 months to a year depending on several variables.Communicate with your lender!Why would you let it go instead of a loan mod or short sale?

[misslabeled]

It depends on the policy of the lender. They do have to follow certain steps to foreclosure, some require a statutory period of time. Generally I've seen 6 months from the first default. I'm sure it varies.