Property Troubles?
Selling your home is better than foreclosure. Let's talk!
Borrower defaults on loan
Payment is 30 days late
Payments are current
Pre-Foreclosure Period: 120+ Days
- Letters from Lender’s Attorney
- Notice of Default (30 Days)
Foreclosure Begins
Foreclosure Period:
110-125 Days (215-230 for agricultural property) (45-65 days for abandoned properties through an expedited foreclosure process)
Notice of Election Demand (NED) filed
- Letters from Public Trustee
- Rule 120 Hearing
- Borrower files Intent to Cure
Foreclosure Sale
Eviction Process (indefinite timeframe)
Foreclosure Process
- Late on Mortgage
- Lender Letter
- Notice of Default
- Foreclosure Auction
Options
- Refinance
- Cure
- Sell
- Bankruptcy
