Foreclosure Process... State by State

Submitted by SadInAmerica on Mon, 02/21/2011 - 2:11pm.

This is a general guide only, laws change and you need to check your state statutes for accurate, up to date procedures. Foreclosure type will most often be either judicial or non-judical, if you have a specific question about a state process, you can ask it on the discussion board. Months to foreclose include the legal minimum required and the probable time length once foreclosure has begun.

Deficiency judgments are available in some states if the lender loses money through the foreclosure process, if it is not practical for the lender to enforce a judgment, it will be listed. Homeowner redemption after foreclosure is possible in some states, the time periods are listed where available.

 

STATE TYPE OF FORECLOSURE MONTHS TO FORECLOSE
MIN./EXPECTED
DEFICIENCY JUDGMENT REDEMPTION PERIOD
Alabama Primarily Non-Judicial 1/3 Possible/ Practical 12 Months
Alaska Both 3/4 Not Practical None
Arizona Both 3/4 Not Practical None
Arkansas Both 4/5 Possible/ Practical None
California Primarily Non-Judicial 4/4 Not Practical None
Colorado Both 2/5 Possible/ Practical 75 Days
Connecticut Judicial/Strict 5/6 Possible/ Practical None
Delaware Judicial 3/7 Possible/ Practical None
District of Columbia Non-Judicial 2/4 Possible/ Practical None
Florida Judicial 5/5 Possible/ Practical None
Georgia Primarily Non-Judicial 2/2 Possible/ Practical None
Hawaii Primarily Non-Judicial 3/4 Not Practical None
Idaho Non-Judicial 5/6 Possible/ Practical None
Illinois Judicial 7/10 Possible/ Practical None
Indiana Judicial 5/7 Possible/ Practical 3 Months
Iowa Both 5/6 Not Practical 6 Months,if judicial
Kansas Judicial 4/4 Possible/ Practical 6-12 Months
Kentucky Judicial 6/5 Possible/ Practical None
Louisiana Judicial 2/6 Possible/ Practical None
Maine Primarily Judicial 6/10 Possible/ Practical None
Maryland Judicial 2/2

Possible/ Practical

None
Massachusetts Non-Judicial 3/4 Possible/ Practical None
Michigan Both 2/2 Possible/ Practical 6 Months
Minnesota Both 2/3 Not Practical 6 Months
Mississippi Primarily Non-Judicial 2/3 Possible/ Practical None
Missouri Primarily Non-Judicial 2/2 Possible/ Practical None
Montana Primarily Non-Judicial 5/5 Not Practical None
Nebraska Judicial 5/6 Possible/ Practical None
Nevada Primarily Non-Judicial 4/4 Possible/ Practical None
New Hampshire Primarily Non-Judicial 2/3 Possible/ Practical None
New Jersey Judicial 3/10 Possible/ Practical 10 Days
New Mexico Judicial 4/6 Possible/ Practical None
New York Judicial 4/8 Possible/ Practical None
North Carolina Non-Judicial 2/4 Possible/ Practical None
North Dakota Judicial 3/5 Not Possible 60 Days
Ohio Judicial 5/7 Possible/ Practical None
Oklahoma Primarily Judicial 4/7 Possible/ Practical None
Oregon Non-Judicial 5/5 Not Practical None
Pennsylvania Judicial 3/9 Not Practical None
Rhode Island Both 2/3 Possible/ Practical None
South Carolina Judicial 6/6 Not Practical None
Tennessee Non-Judicial 2/2 Possible/ Practical None
Texas Non-Judicial 2/2 Possible/ Practical None
Utah Both 4/5 Possible/ Practical None
Vermont Both 7/10 Possible/ Practical None
Virginia Non-Judicial 2/2 Possible/ Practical None
Washington Non-Judicial 4/5 Not Practical None
West Virginia Non-Judicial 2/2 Possible/ Practical None
Wisconsin Judicial varies/10 Not Practical None
Wyoming Non-Judicial 2/3 Possible/ Practical 3 Months

 

 

February 21, 2011 - All-Foreclosure

 

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Submitted by SadInAmerica on Mon, 02/21/2011 - 2:11pm.