Can bank change locks before foreclosure?
No, you don't have to find a new place to live just yet. The bank has the legal right to change the locks, but only if you've abandoned—that is, permanently moved out of—the home. You have the right to stay in your home during the entire foreclosure process.
Similarly, you may ask, when can a bank legally foreclose?
Most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments.
[Read More]