Foreclosure Law Definitions

Foreclosure Timeline

Depending on what state you live in, foreclosure timelines vary 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.  From the first month you miss your payment to the actual foreclosure auction date could be as little as 5-6 months and in some states, as long as 1-year or more.  You should consult your state’s foreclosure law page for accurate timeline information. 

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