Foreclosure Timeline: How long you have to save your home depends on your state laws
The timeframe for foreclosure depends on the laws of your individual state. For example, foreclosures can occur as quickly as 30 days in Alabama and take up to 10 months in Delaware. This article gives you the approximate timeline for foreclosure in each state.
Alabama-30-60 days
Alaska – 90 days
Arizona – 90 days
Arkansas – 120 days
California – 120 days
Colorado – 60 -180 days
Connecticut – 60-150 days
Delaware – 90-300 days
Florida – 180 days
Georgia – 90 days
Hawaii – 60 days
Idaho – 150 days
Iowa – 150 days
Illinois – 210 days
Indiana – 150 days
Kansas – 120 days
Kentucky – Varies a lot because individual judges set the time rather than have a statutory deadline for foreclosure.
Louisiana – 60 days
Maine – 90 days
Maryland – 60 days
Massachusetts – 90 days
Michigan – 60 days
Minnesota – 60 days
Mississippi – 60 days
Missouri – 60 days
Montana – 150 days
Nebraska – 180 days
snowfall – 120 days
New Hampshire – 60 days
New Jersey – 90 days
New Mexico – 120 days
New York – 120 days
North Carolina – 60 days
North Dakota – 90 days
Ohio – 150 days
Oklahoma – 90 days
Oregon – 120-180 days
Pennsylvania – 90 days
Rhode Island – 60 days
South Carolina – Varies a lot because individual judges set the time rather than have a legal schedule for foreclosure.
South Dakota – 90 days
Tennessee – 60 days
Texas – 60 days
Utah – Varies a lot because individual judges set the time rather than have a statutory deadline for foreclosure.
Vermont – 210 days
Virginia – 60 days
Washington – 120 days
Washington, D.C. – 60 days
West Virginia – 60 days
Wisconsin – 90 days
Wyoming – 90 days
These time periods are general guidelines from the date the Notice of Default is entered to the time the property is auctioned. The term for foreclosure mentioned above does not include any Redemption Period.
A redemption period is a time when owners can buy back their property at the auction price. Only about half of the states have them and they range in time from 10 days in New Jersey to a full year in Ohio.
During the time period mentioned above, the owner can take a number of steps to stop the foreclosure. They can bring current payments, sell the property either through traditional means or a short sale, obtain refinancing, or turn the home over to the lender in a deed-in-lieu of foreclosure.