APPENDIX G. STATE FORECLOSUE PROCESS AND STATUTORY BID INFORMATION STATE FORECLOSURE PROCESS Data Element Procedure Final Event Significant Event Max. Maximum Confirmation that After Sale (Type of (Loan Update that Allowable Redemption or Ratification Provides Redemption Foreclosure Termination Defines Loan FC Period of Sale State? Loan State? Proceeding) Event) Termination Timeframe (Calendar ) Termination Date Alabama Non-Judicial Sale No Results of Sale Date of Sale 60 Yes 365 Alabama Judicial Sale No Results of Sale Date of Sale 60 Yes 365 Holder Convey – Transfer of Custody Retain or 3rd Pty – Confirmed Sale Date of Date with No Confirmation Confirmation/ Transfer of Ratification Alaska Judicial Ratification Yes Custody of Sale 120 Yes 365 Not Alaska Non-Judicial Sale No Results of Sale Date of Sale 120 No Applicable Not Arizona Non-Judicial Sale No Results of Sale Date of Sale 120 No Applicable Not Arizona Judicial Sale No Results of Sale Date of Sale 120 No Applicable Not Arkansas Judicial Sale No Results of Sale Date of Sale 90 No Applicable
APPENDIX G. STATE FORECLOSUE PROCESS AND STATUTORY BID INFORMATION STATE FORECLOSURE PROCESS Procedure (Type of Foreclosure Proceeding) Final Event (Loan Termination Event) Confirmation or Ratification of Sale State? Significant Event Update that Defines Loan Termination Data Element that Provides Loan Termination Date Max. Allowable FC Timeframe After Sale Redemption State? Maximum Redemption Period (Calendar ) Alabama Non-Judicial Sale No Results of Sale Date of Sale 60 Yes 365 Alabama Judicial Sale No Results of Sale Date of Sale 60 Yes 365 Alaska Judicial Confirmation/ Ratification Yes Holder Convey – Transfer of Custody Retain or 3rd Pty – Confirmed Sale Date with No Transfer of Custody Date of Ratification of Sale 120 Yes 365 Alaska Non-Judicial Sale No Results of Sale Date of Sale 120 No Not Applicable Arizona Non-Judicial Sale No Results of Sale Date of Sale 120 No Not Applicable Arizona Judicial Sale No Results of Sale Date of Sale 120 No Not Applicable Arkansas Judicial Sale No Results of Sale Date of Sale 90 No Not Applicable Confirmation
Appendix_G_State_Foreclosure_Process_and_Statutory_Bid_Info.docx