Add 'Foreclosure Steps And Timeline'

Foreclosure-Steps-And-Timeline.md

@@ -0,0 +1,39 @@
+<br>How Do I.? - Evaluate My Situation
+- Alternatives to Court
+- Get Help
+- Legal Research
+- Start/Respond to a Case
+- Discovery and Evidence
+- Prepare for Court
+- Judgments
+- Appeals<br>
+<br>Main navigation<br>
+<br>- Home
+- How Do I.? - Evaluate My Situation
+- Alternatives to Court
+- Get Help
+- Legal Research
+- Start/[Respond](https://avitotanger.com) to a Case
+[- Discovery](https://www.ilfarmandrecland.com) and [Evidence](https://apnaplot.com)
+- Get ready for Court
+- Judgments
+- Appeals<br>
+<br><br>
+1. Real Estate and Other Housing
+2. Foreclosure
+3. Foreclosure Steps and Timeline<br>
+<br>Foreclosure Steps and Timeline<br>
+<br>This post explains the steps and timeline of a foreclosure case from starting to end.<br>
+<br>1. Mortgage in default<br>
+<br>Default = 1 day previous mortgage due date
+- Lender sends Notice of Intent to Foreclose (generally sent 45 days after default) and a loss mitigation application<br>
+<br>2. Foreclosure submitted in Court<br>
+<br>- Lender's law practice files Order to Docket. - Can submit any time after 45 days from when the Notice of Intent to Foreclose is sent (or 90 days in default)<br>
+<br>- Lender must wait 28 days after submitting the Order to Docket before submitting the last loss mitigation affidavit
+- Lender should submit the final loss mitigation affidavit a minimum of 1 month before sale<br>
+<br>3. Foreclosure mediation (optional step)<br>
+<br>- Homeowner should file mediation demand and send out a payment of $50, within 25 days of:<br>
+<br>- The Order to Docket, if final loss mitigation affidavit served at very same time
+- Receipt of last loss mitigation affidavit submitted after the Order to Docket is filed
+- In either case - 25 days from final loss mitigation affidavit<br>
+<br>- 45 days after the property owner has been serviced with the Order to Docket if it has a last loss mitigation affidavit submitted with it