jbeard1086 0 Report post Posted June 22, 2007 if i were to tie up a pre forclosure with a 45-60 day l/o would the bank still be able to foreclose on the property even though i have an intrest in the property through contract. also do you know about how long it would take for a rehabber's loan to go through so that i could assign the contract before the property foreclosed if the bank can forclose with my intrest in the property. Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted June 22, 2007 Obviously not Michael here... But just because you've created a L/O agreement afterthis loan was originated, doesn't mean it's going to stop a pendingforeclosure. Be careful when mixing lease options with houses that arein the foreclosure process (or close to it). Share this post Link to post Share on other sites
MichaelC 160 Report post Posted June 23, 2007 What Jason said, Richie. Your option on a house is irrelevant to the foreclosure process. The only thing that will stop the foreclosure process is the cash to bring the loan current.As for how long it takes for a loan to go through, that's impossible to say. Too many factors come into play to give a pat answer. Share this post Link to post Share on other sites
