What is the typical foreclosure timeline?
Day 1: Notice of Default (NOD) recorded. The defaulting property owner has 3 calendar months to cure, or payback the default amount, either by paying off the lien, or by negotiating a payment plan Within 10 days: Notice of Default mailed. Within 1 month: Notice of Default mailed. 3 Months Later: Trustee schedules a Trustee’s Sale (auction). 21 days later: On the date of sale, trustee sells the property to the highest bidder. This sale is usually held at the trustee’s office, or at the County Courthouse. State and county terms and policies may vary, so consult your local bylaws. To sign for a FREE TRIAL of ForeclosureHomesHub foreclosure search, submit the simple form.
