In some states, a homeowner may not receive any notification of a non-judicial foreclosure until the sale is scheduled. In California, according to the Paladin Legal Advocacy Center, your lender must notify you within 10 days of filing a notice of default with the county recorder. The trustee can't schedule the sale until three months after the filing. The trustee must advertise the sale in the newspapers 20 days in advance, so it will be close to four months from the filing to the foreclosure auction.
http://homeguides.sfgate.com/long-foreclosure-california-9092.html
A short sale is a private sale of real property, which is agreed to by the lender and the borrower to avoid foreclosure. Under the short sale scenario, a lender agrees to take less than a full payoff on its mortgage debt. The borrower benefits as a result of foreclosure being avoided.
http://www.chgjtlaw.com/faqs/foreclosure-faqs/
A deed in lieu of foreclosure is the result of the lender and the borrower agreeing that the borrower will give the lender a deed to the property, which secures the loan. The deed in lieu of foreclosure would obviate the need for a foreclosure.
http://www.chgjtlaw.com/faqs/foreclosure-faqs/
A. From the time you miss your first payment to the final foreclosure sale its not uncommon for six months or more to pass. In some states this could be more and in others considerably less. Texas residents could find the foreclosure process completed in only around 45 days.
http://www.debtworkout.com/forefaq.html
Depending on the court schedule, it usually takes approximately 120 days or more to effectuate an uncontested foreclosure. This process may be delayed if the borrower contests the action, seeks delays and adjournments of hearings, or files for bankruptcy.
https://www.foreclosure.com/statelaw_PA.html
A defendant has 20 days in which to file an answer to a foreclosure complaint otherwise default will be entered. The defaulting borrower must be given at least 10 days notice before default is entered and there must be a 30 day notice before a foreclosure sale can take place by the Sheriff. There are two pre-foreclosure notice requirements which are specific to Pennsylvania.
https://www.foreclosure.com/statelaw_PA.html
Power of Sale Foreclosure Moves Quickly. Power of sale foreclosure moves quickly. Upon default, the trustee is permitted to go through with the foreclosure sale after a relatively short notice period (usually two to three months from the date foreclosure proceedings are instituted).
http://www.natlbankruptcy.com/how-long-does-foreclosure-take/
Two Types of Foreclosure. The speed with which a bank can foreclose on a borrower varies based on state law. However, there are basically two different types of jurisdictions for foreclosure purposes: power of sale jurisdictions and judicial foreclosure jurisdictions.
http://www.natlbankruptcy.com/how-long-does-foreclosure-take/
Also, I applied for a mortgage -- but because this house is still in my name, I was advised after the bank foreclosed I would have to wait up to three years before I can get a mortgage. So I'll have to wait seven years total because the bank waited four years to foreclose. -- Jeff. Dear Jeff,
http://www.bankrate.com/finance/mortgages/foreclosure-on-property-after-bankruptcy.aspx
The process in Massachusetts is as follows: 1  When someone has taken your house at foreclosure they can send you a legal notice to leave the premises under a 72 hour notice. 2  If you fail to leave after the 72 hours has elapsed the new owner must go to court to present his case before a judge that you should be evicted.
http://www.debtworkout.com/forefaq.html
how long does it take for house to foreclose
It takes 72 hour for house to foreclose. It take 72 hour for house to foreclose.