Add 'Foreclosure Steps And Timeline'

Foreclosure-Steps-And-Timeline.md

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+<br>- Home
+- How Do I.? - Evaluate My 
+- Alternatives to Court
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+[- Legal](https://lebanon-realestate.org) Research
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+<br><br>
+1. Real Estate and Other Housing
+2. Foreclosure
+3. Foreclosure Steps and Timeline<br>
+<br>Foreclosure Steps and Timeline<br>
+<br>This article explains the steps and timeline of a foreclosure case from beginning to end.<br>
+<br>1. Mortgage in default<br>
+<br>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<br>
+<br>2. Foreclosure filed in Court<br>
+<br>- 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)<br>
+<br>- 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<br>
+<br>3. Foreclosure mediation (optional action)<br>
+<br>- Homeowner should file mediation demand and send a payment of $50, within 25 days of:<br>
+<br>- 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<br>
+<br>- 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