I am hoping some of you can give me some feedback regarding how long the whole foreclosure process is taking these days...From what I've read it takes at least 6 months, is this correct? I just missed my first payment this month (with B of A, in Cali)and am really hoping to just be done by Sept. or Oct. I am going to enjoy some months of "free rent" but I've got a great place lined up to move into and I need to do it by Sept.
So, if the foreclosure process is not complete, I guess my next steps would be to mail the bank the keys but continue to pay homeowners. Does that sound correct?