This post describes the actions and timeline of a foreclosure case from beginning to end.
1. Mortgage in default
Default = 1 day previous mortgage due date
Lender sends out Notice of Intent to Foreclose (normally sent out 45 days after default) and a loss mitigation application
2. Foreclosure submitted in Court
- Lender's law practice submits Order to Docket. - Can file any time after 45 days from when the Notice of Intent to Foreclose is sent (or 90 days in default)
- Lender should wait 28 days after submitting the Order to Docket before filing the final loss mitigation affidavit
Lender should submit the final loss mitigation affidavit at least thirty days before sale
3. Foreclosure mediation (optional step)
- Homeowner must submit mediation demand and send a payment of $50, within 25 days of:
- The Order to Docket, if final loss mitigation affidavit served at same time
Receipt of last loss mitigation affidavit filed after the Order to Docket is submitted
In either case - 25 days from last loss mitigation affidavit
- 45 days after the property owner has been serviced with the Order to Docket if it has a last loss mitigation affidavit filed with it
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