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How long before foreclosure?

My old neighbor (Jack) took care of an elderly man and lived in his house. The older man passed 18 months ago. Since his “estate” was left to Jack all bills are his responsibility. The man he took care of (Steve) had no assets, just debts. So Jack inherited a whole ton of bills and no way to pay them. He is mentally disabled (refuses meds for his mental health) and hasn’t had a job or income for 20+ years!

The plot thickens because he’s a hoarder. Yes, just like the TV show. Because he couldn’t afford his water bills and now you can’t access the bathroom (filled with garbage) he relieves himself in various receptacles. He doesn’t take out his trash because he’s sure people are going to go through it. You get the idea!

Of course the mortgage company gave him some leniency and time to sell the house and settle the estate. However, it’s been 18 months since he made a payment. The courts have him 5 more months. (This is like the 4th extension). The house won’t sell because it can even be shown. He’s too paranoid to let anyone in and there’s barely a goat path anymore.

I’m wondering how long the mortgage company and/or the courts will allow this? His lawyer and realtor know he’s off his meds, they know the state of his home, etc. shouldn’t someone be contacting Adult Protection Services? What’s going to happen in 5 months when he can’t pay? I must be missing something, but I have access to all of his court documents, etc. How does this happen and what’s a likely outcome?

submitted by /u/mamaleigh05
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1aqjajl/how_long_before_foreclosure/
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