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MIL Inherited PA Home: She can’t pay the mortgage, any clues to how long she has to sell?

My mother in law inherited a home from her father that she can’t pay the mortgage on in Pennsylvania. It’s pretty much a tear down but on a nice lake (in a low cost of living run down area). She’s listed it for sale, and unfortunately, she hasn’t been very realistic about the price point. My husband and I are trying to find out how long she has to sell the home before the bank takes over so we can encourage her to price it right as time progresses. In my opinion, it’s currently 75k-100k overpriced as the market changes.

Does anyone have any idea how long the mortgage company will wait to take over the sale of the property? She’s been refusing to find out and just ignoring that part of the equation. I am having an extremely hard time finding anything online about the time period she has to sell.

submitted by /u/HawkqueenYOLO
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source https://www.reddit.com/r/RealEstate/comments/yi82w8/mil_inherited_pa_home_she_cant_pay_the_mortgage/
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