Many things could happen after notice is given:
1. if the house has any equity in it, the owner could sale the property and walk away;
2. It could sell at the auction;
3. bank agree to a short sale. Own walks away and bank takes the loss;
4. become bank owned property REO sale.
to reach REO, it could take months. Anything could happen during the time.
1. if the house has any equity in it, the owner could sale the property and walk away;
2. It could sell at the auction;
3. bank agree to a short sale. Own walks away and bank takes the loss;
4. become bank owned property REO sale.
to reach REO, it could take months. Anything could happen during the time.