Foreclosure Procedures per State Click on state to obtain detailed foreclosure procedures for that state.

SALE PROCESS REDEMPTION TYPE OF PUBLI- DEFICIENCY Sale/ PERIOD PERIOD FORECLOSURE CATION JUDGMENT NTS (Days) (Days) (Days) Both Both Both Both 49-74 105 90+ 70 21 65 41 30 21 60 NA Possible and 12 Months Practical Not Practical None Not Practical None Possible and None Practical Not Practical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Not Practical Possible and Practical Possible and Practical Possible and Practical Not Practical None Trustee Trustee Trustee Trustee Trustee

STATE

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District ofColumbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland

PrimarilyNon117 Judicial Both 145

75 Days Trustee None None None None None None None None Court Sheriff Trustee Court Trustee Trustee Trustee Court

Judicial/Strict 62 Judicial

170-210 60-90 18 NA 32 60 45 NA 120 30 21 NA NA 30 30

Non-Judicial 47 Judicial 135

PrimarilyNon37 Judicial PrimarilyNon220 Judicial Non-Judicial 150 Judicial Judicial Both Judicial Judicial Judicial Primarily Judicial Judicial 300 261 160 130 147 180 240 46

3 Months Sheriff 6 Months,if Sheriff judicial

Possible and 6-12 MonthsSheriff Practical Possible and None Court Practical Possible and None Sheriff Practical Possible and None Court Practical Possible and None Court Practical

Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin

Non-Judicial 75 Both Both PrimarilyNonJudicial PrimarilyNonJudicial PrimarilyNonJudicial Judicial 60 90-100 90 60 150 142

41 30 7 30 10 50 NA 80 24 NA NA NA 25 NA NA NA 30 NA 21 NA 23 NA NA NA 14-28 90 30-60 NA

Possible and Practical Possible and Practical Not Practical Possible andPractical Possible andPractical Not Practical Possible andPractical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Not Possible Possible and Practical Possible and Practical Not Practical Not Practical Possible and Practical Not Practical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Possible and Practical Not Practical Possible and Practical Not Practical

None

Court

6 Months Sheriff 6 Months Sheriff None None None None None None Trustee Trustee Trustee Sheriff Trustee Trustee

PrimarilyNon116 Judicial PrimarilyNon59 Judicial Judicial Judicial Judicial 270 180 445

10 Days Sheriff None None None Court Court Sheriff

Non-Judicial 110 Judicial Judicial 150 217

60 Days Sheriff None None None None None None None None None None None None None None Sheriff Sheriff Trustee Sheriff Trustee Court Trustee Trustee Trustee Court Trustee Trustee Trustee Sheriff

Primarily 186 Judicial Non-Judicial 150 Judicial 270 Both Judicial 62 150

Non-Judicial 150 Non-Judicial 27 Both Both 142 95

Non-Judicial 45 Non-Judicial 135 Non-Judicial 60-90 Judicial 290

Wyoming

Non-Judicial 60

25

Possible and Practical

3 Months Sheriff

Information provided by RealtyTrac www.RealtyTrac.com and Consumer Warning Networkwww.ConsumerWarningNetwork.com

The foreclosure process depends on whether the state uses mortgages or deeds of trust for the purchase of real property. Generally, states that use mortgages conduct judicial foreclosures. On the other hand, states that use deeds of trust conduct nonjudicial foreclosures. The main difference is that the judicial procedure requires court action on a foreclosed home. In judicial states, to foreclose, a lender must prove that the mortgagor (borrower/homeowner) is in default. Once the lender has exhausted its attempts to resolve the default with the homeowner, the next step is to contact an attorney to pursue court action. The attorney contacts the mortgagor to try to resolve the default. If the mortgagor is unable to pay off the default, the attorney files a lis pendens (lawsuit pending) with the court. The lis pendens gives notice to the public that a pending action has been filed against the mortgagor. The purpose of the action is to provide evidence of a default and get the courts approval to initiate foreclosure. In non-judicial states, foreclosures are based on deeds of trust that contain the power of sale clause. The clause enables the trustee to initiate a mortgage foreclosure sale without having to go to court. The trustee is typically required to issue a notice of default and notify the trustor (borrower/homeowner) accordingly about the default status. Homeowners receive a Notice of Intent letter informing them that a foreclosure sale will be scheduled unless the overdue debt is paid within a certain amount of time. If the debt is not paid accordingly, a Notice of Sale is then sent informing the homeowner that a foreclosure sale will take place at a particular time and place. No lawsuit is ever initiated by the lender and the courts are not involved