Foreclosure Timeline | What Is The Forecloure Timeline | AFS
How long will it take before they sell my house?
|Select Your State|
The mortgage company will likely begin the foreclosure process within 90 to 120 days from the first missed payment. However, there remains plenty of time to complete a Loss Mitigation Agreement with the lender. The table below shows the average timeline between the Notice of Default (NOD) and the foreclosure sale in the individual states and any redemption period that they may have.
What is a redemption period?
A redemption period is the time frame after your house has been sold at an auction. You have that amount of time to buy back the house from the entity who purchased the home at the auction. You have to be careful not to let your home go into the redemption period. It is almost impossible for someone that has been foreclosed to secure financing to repurchase the home back
|Alabama||3 months||12 month redemption period|
|Alaska||4 months||No Redemption|
|Arkansas||3 months||No Redemption|
|Arizona||3 months||No Redemption|
|California||4 months||No Redemption|
|Colorado||5 months||75 day Redemption|
|Connecticut||6 months||No Redemption|
|Delaware||7 months||No Redemption|
|DC||4 months||No Redemption|
|Florida||7 months||No Redemption|
|Georgia||3 months||No Redemption|
|Hawaii||7 months||No Redemption|
|Idaho||9 months||No Redemption|
|Illinois||10 months, we typically do not see that it lasts this long||No Redemption|
|Indiana||9 months||3 month Redemption|
|Iowa||7 months||6 month redemption if Judicial Foreclosure|
|Kansas||4 months||6-12 month Redemption|
|Kentucky||7 months||No Redemption|
|Louisiana||6 months||No Redemption|
|Maine||10 months||No Redemption|
|Maryland||5 months||No Redemption|
|Massachusetts||5 months||No Redemption|
|Michigan||3 months||6 month Redemption|
|Minnesota||4 months||6 month Redemption|
|Mississippi||4 months||No Redemption|
|Missouri||3 months||No Redemption|
|Montana||6 months||No Redemption|
|Nebraska||4 months||No Redemption|
|Nevada||4 months||No Redemption|
|New Hampshire||3 months||No Redemption|
|New Jersey||10 months||10 day Redemption|
|New Mexico||5 months||No Redemption|
|New York||10 months, this could take as long as 3 years||No Redemption|
|North Carolina||4 months||No Redemption|
|North Dakota||4 months||60 day Redemption|
|Ohio||8 months||No Redemption|
|Oklahoma||7 months||No Redemption|
|Oregon||5 months||No Redemption|
|Pennsylvania||9 months||No Redemption|
|Rhode Island||3 months||No Redemption|
|South Carolina||6 months||No Redemption|
|South Dakota||4 months||No Redemption|
|Tennesse||3 months||No Redemption|
|Texas||2 months, this is the fastest Foreclosure State||No Redemption|
|Utah||5 months||No Redemption|
|Vermont||10 months||No Redemption|
|Virginia||4 months||No Redemption|
|Washington||5 months||No Redemption|
|West Virginia||4 months||No Redemption|
|Wisconsin||10 months||No Redemption|
|Wyoming||3 months||3 month Redemption|
Like we stated before... If your house has not been sold at an auction, we could still have time to get this worked out for you. Our team of specialists can negotiate with your mortgage company to bring your loan current.
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IMPORANT NOTICE – PLEASE READ There is no guarantee you will receive a loan modification. Even if you accept this offer and use our service, your lender may not agree to change your loan. Loan Modification approval is dependent on criteria including but not limited to hardship, income, debt ratios. American Foreclosure Specialists is not a Bank, nor a government agency or government affiliate. Our services are not approved by the government or your lender. American Foreclosure Specialists assists in the document preparation, working with and communication with your Mortgage Bank in the attempt to acquire an approved Loan Modification. If you stop paying your mortgage, you could lose your home and damage your credit rating. Loan Modification Plans are dependent upon mortgage company criteria and financial information gathered as part of the efforts of AFS. The information and notices contained on this website are intended as informational and should not be regarded, as financial or legal advice. AFS attempts to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. Submitting a contact request, gives AFS consent to contact you by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.