Foreclosure Time Frames
Maryland, Connecticut, Massachusetts, Vermont, Florida, Kentucky, South Carolina, New Mexico, Maine, Illinois and New York all require lenders to go to court to obtain judgments of foreclosure. In spite of this, the foreclosure period varies wildly from a mere 46 days in Maryland to more than one year (445) days in New York. The differences in these states do not end here - in order for the court to order the home sold, only three states (Maryland, Massachusetts and Maine) require that advance notification of a foreclosure sale be made.
Other states, including Michigan, Wyoming, Minnesota, North Carolina, Kansas, Nebraska, North Dakota, South Dakota, Iowa, Delaware, Louisiana, Oklahoma, Ohio, Indiana, New Jersey, Pennsylvania and Wisconsin all require their local sheriff to carry out full foreclosure proceedings. In these states, the time period for foreclosure still varies widely from sixty days to two hundred and ninety days. Foreclosure notification rules vary in these states as well, from no notification to one hundred and twenty days (Delaware). It is critical if a homeowner is facing foreclosure that they understand their rights and the time frames involved in foreclosure.
All other states utilize trustees for foreclosure proceedings. In these states, the time frames for foreclosure vary from twenty seven days (Texas) to two hundred and twenty days (Hawaii). Neither Utah nor Texas requires publication of the foreclosure sale prior to proceeding.