Delaware Foreclosure Law

Facts:

Judicial Foreclosure Available:     Yes

Non-Judicial Foreclosure Available:       No

Primary Security Instruments:      Mortgage

Timeline:     Approximately 90 Days

Right of Redemption:      No

Deficiency Judgments Allowed:       No

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Quick Summary:

In Delaware, lenders may foreclose on mortgages in default using a judicial foreclosure process. 

 

The foreclosure timeline in Delaware is approximately 90 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Delaware borrowers do not have the right of redemption and are not allowed deficiency judgments. 

For more information on Delaware Foreclosure laws and regulations visit  http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact:

Delaware Attorney General's Office
Carvel State office building
820 N. French St.
Wilmington, DE 19801
Ph: (302) 577-3047
Fax:(302) 577-3090