Friday, December 14, 2012

So just how long does a Foreclosure take?

So just how long does a Foreclosure take?In Idaho, from the time of the official Notice of Default, it must by law be a minimum of 120 Days until the trustee sale.  How long from when you quit making payments do you receive a Notice of Default?  That varies greatly between lenders and even within lenders. It can be 45 days to years, literally years. Most are more likely in the 90 to 120 days time frame. Today I am including a graphic that shows the national average nationally by state of foreclosure time frames.

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