Foreclosure Timeline
Download our Free BrochureHow to avoid Foreclosure
Do you want to save your home?
We specialize in out-of-court resolutions of Mortgage Foreclosures by negotiating with your lender. Let our expertise help you save your home. We can give you the Foreclosure help you need.
-
Stop Foreclosure News
Please call our Toll Free number
1-866-544-0990 or fill out our FREE QUESTIONNAIRE and we will respond to you promptly
|
|
|
|
|
 |
 |
|
|
|
How long will it take before they sell my house?
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 re-purchase 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 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.
Do you want to save your Home?Fill Our Our Free Questionnaire