BANKRUPTCY LAW
Foreclosure Processing Timeline
Day 1
Missing First (1st) Mortgage Payment
Day 30-90*
Notice of Default filed and mailed to you*
Day 90
Right to Pay lender and stop foreclosure sale
Day 91-120
Notice of Trustee Sale
Day 120
Foreclosure date!
* How quickly the notice of default is filed depends on each individual lender. Some lenders hold off if you contact them to work out a payment plan or otherwise explain your situation. Others are more aggressive and start the process as soon as possible to try to protect their investment.