Thread: Legal Advice
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Old 05-11-2011, 09:55 AM   #10
OilKiller
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Quote:
Originally Posted by VladtheImpaler View Post
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?
Yeah, a trustee I was talking to said it would be about a year. He was off by about 7 months...

I went to court yesterday and got 60 more days before we have to move. Yes, the amount owing is after the house is valued, etc. Like I said, under 80k.

I guess I'm not sure why all that matters. A judgement against me for a certain amount of money is just that isn't it? Why does it matter what happened before the judgement. I just really would like to know how they pursue the money owing from the judgement.
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