You have to be clearer as to what this is. Did you fail to make mortgage payments? Or is this a judgment with respect to another debt? This is decisive and will tell us what your options are...
EDIT: OK, if it's a foreclosure, the bank will take your house. The process usually takes about 6 months. Are you under water - i.e. is the value of the mortgage > value of the house?
Last edited by VladtheImpaler; 05-11-2011 at 09:43 AM.
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