It would depend on the terms of the mortgage lender. Often the lender will work with the borrower to help them catch up on back payments, etc. Most people file a 13 so they can keep all their property. It is better to try a "quick sale" or Chap 7, then to have a foreclosure. WIth a 7 the borrower can hopefully, qualify for a homestead exemption, and not be out the entire equity. The time it takes for a foreclosure and the home owner to move is dependent on the contactual agreement and the state statutes. It can be a year or ???
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