diff --git a/Foreclosure-Steps-And-Timeline.md b/Foreclosure-Steps-And-Timeline.md new file mode 100644 index 0000000..ebfccb7 --- /dev/null +++ b/Foreclosure-Steps-And-Timeline.md @@ -0,0 +1,39 @@ +[redfin.com](https://www.redfin.com/city/11203/CA/Los-Angeles/townhouses)
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- Home +- How Do I.? - Evaluate My +- Alternatives to Court +- Get Help +[- Legal](https://lebanon-realestate.org) Research +- Start/Respond to a Case +- Discovery and [Evidence](https://sikkimclassified.com) +- Get ready for Court +- Judgments +- Appeals
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+1. Real Estate and Other Housing +2. Foreclosure +3. Foreclosure Steps and Timeline
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Foreclosure Steps and Timeline
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This article explains the steps and timeline of a foreclosure case from beginning to end.
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1. Mortgage in default
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Default = 1 day past mortgage due date +- Lender sends out Notice of Intent to Foreclose (generally sent 45 days after default) and a loss mitigation application
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2. Foreclosure filed in Court
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- 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)
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- Lender should wait 28 days after filing the Order to Docket before submitting the final loss mitigation affidavit +- Lender must file the last loss mitigation affidavit at least 30 days before sale
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3. Foreclosure mediation (optional action)
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- Homeowner should file mediation demand and send a payment of $50, within 25 days of:
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- The Order to Docket, if [final loss](https://realzip.com.au) [mitigation affidavit](https://homematch.co.za) served at exact same time +- Receipt of last loss mitigation affidavit submitted after the Order to Docket is submitted +- In either case - 25 days from final loss mitigation affidavit
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- 45 days after the property owner has been [serviced](https://salonrenter.com) with the Order to Docket if it has a final loss mitigation affidavit submitted with it \ No newline at end of file