This short article explains the actions and timeline of a foreclosure case from starting to end.
1. Mortgage in default
Default = 1 day past mortgage due date
- Lender sends Notice of Intent to Foreclose (typically sent 45 days after default) and a loss mitigation application
2. Foreclosure submitted in Court
- Lender's law office files Order to Docket. - Can submit any time after 45 days from when the Notice of Intent to Foreclose is sent (or 90 days in default)
- Lender should wait 28 days after filing the Order to Docket before filing the last loss mitigation affidavit
Lender should submit the final loss mitigation affidavit at least thirty days before sale
3. Foreclosure mediation (optional action)
- Homeowner must file mediation request and send a payment of $50, within 25 days of:
- The Order to Docket, if last loss mitigation affidavit served at very same time
Receipt of last loss mitigation affidavit submitted after the Order to Docket is filed
In either case - 25 days from last loss mitigation affidavit
- 45 days after the property owner has actually been serviced with the Order to Docket if it has a final loss mitigation affidavit filed with it
Cancella Pagina
Questo cancellerà lapagina "Foreclosure Steps And Timeline". Si prega di esserne certi.