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The foreclosure is final when the property is sold ?on the courthouse steps? to the highest bidder. The sale usually takes place between 28-35 days after the entry of the final judgment of foreclosure. Many judges will give you 60 to 90 days if you attend the hearing.
How to Respond to a Foreclosure Summons Step 1: Read the Summons. ... Step 2: Speak to Foreclosure Lawyer. ... Step 3: Decide If You Want to Contest. ... Step 4: Prepare a Mortgage Foreclosure Appearance and Answer to the Complaint. ... Step 5: File the Form with the Court Clerk. ... Step 6: Send a Copy of Your Answer to the Other Parties.
You can't go to jail for failing to pay a debt or a judgment. However, if you do not pay a debt, or if a judgment is entered against you, this information can be reported to credit bureaus and made a part of your credit history. This information can be reported for up to seven years on your credit reports.
If the judgment debtor does not pay, you are entitled to get the sheriff to seize the judgment debtor's property. The seizing of property by the sheriff is called a levy. Once the sheriff has levied on the property, the sheriff will then sell it, and pay you out of the money the sheriff receives from the sale.
How do I prepare an Answer to the foreclosure? Copy the information from the top of the foreclosure Complaint. ... Title your paper ?Answer to Complaint in Foreclosure.? Next, your Answer should respond to each claim made against you in the Complaint. ... Sign the Answer.