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Foreclosure Laws By State |
Foreclosure Laws of Individual States We are providing information about s tate foreclosure laws . This information is designed to help you understand the process in each s tate. However, legal information is not legal advice. We are not giving legal advice. The laws of every s tate are different and frequently change. In necessary, seek legal or professional advice according to your situation. We have elected to summarize each state’s laws. For a more in-depth analysis of Foreclosure Laws of Individual States , please visit the website listed below each summary and search that state’s full text of the law. CAUTION
: Information on the Internet for the most part is incorrect! Many sites that are
MORTGAGE AND DEED OF TRUST STATES Below you will find each state according to whether they are Mortgage, Deed of T rust or both. Mortgage States Alabama Louisiana North Dakota Arkansas Maine Ohio Connec ticut Massachusetts Oregon Delaware Michigan Pennsylvania Florida M innesota Rhode Island Hawaii New Hampshire South Carolina Indiana New Jersey Vermont Kansas New Mexico Wisconsin New Y ork Deed of Trust States Alaska Mississippi North Carolina Arizona Missouri Virginia California Nevada Washington, DC States that use both Deeds of Trust and Mortgages Colorado Montana Texas Idaho Nebraska U tah Illinois Oklahoma Wyoming Iowa Oregon Washington Maryland Tennessee Georgia West Virginia Kentucky FORECLOSURE SUMMARIES The following summaries give some information on individual state foreclosure laws . Timelines will vary depending on specific c ircumstances and each situation. The timelines noted within are based on uncontested actions and assume no delays . They give the time for the sale, then the running totals for various procedures , until the end, when the longest time possible for the entire foreclosure process ends . O ften, these times are longer than normal in that redemption does n’t often occur. However, delays do – so keep this in mind – every foreclosure is a unique situation, timelines will vary from foreclosure to foreclosure, and from s tate-to-state. All foreclosures mus t be conducted under GSE guidelines . Alabama Foreclosure Laws • Judicial Foreclosure Available: Yes (rare) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 49-73 days – sale held; 30 - 60 days if NOD is not required. • Right of Redemption: Yes (12 months) • Deficiency Judgments Allowed: Y es Alaska Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 105-108 days – sale held; 108-111 deed recorded • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Arizona Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 115 days (non- judicial) • Right of Redemption: No • Deficiency Judgments Allowed: Y es Arkansas Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes , mos t circumstances • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 90 days • Right of Redemption: Ends at sale • Deficiency Judgments Allowed: Y es • Judicial Foreclosure Available: Yes (rare) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 120 days • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Colorado Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes (usual) • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 91 days – sale held; 166 redemption expires ; 173 deed recorded • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Connecticut Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline: 90 days – default entered; 180 redemption expires • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es D.C. (Washington District of Columbia) • Judicial Foreclosure Available: No • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t • Timeline: 47 days – sale held; 48 deed sent for recording; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Delaware Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline: 170-210 days – sale held; 200-300 confirmation of sale; • Right of Redemption: No • Deficiency Judgments Allowed: No Florida Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline: 135 days – sale held; 150 certificate of title issued; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Georgia Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes (usual) • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 37 days sale held; 48 deed sent for recording; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Hawaii Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline (JF): 220 days – auction; 260 confirmation; 320 conveyance; • Timeline (NJ): 160 days – auction; 195 conveyance; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Idaho Foreclosure Laws • Judicial Foreclosure Available: No • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t • Timeline: 150 days – sale held; deed recorded • Right of Redemption: No • Deficiency Judgments Allowed: Y es Illinois Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 300 days – sale held; 345 redemption period expires ; deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Indiana Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline: 251 days – sale held; 266 redemption period expires ; deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Iowa Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 160 days – sale held; 180 redemption period expires ; deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: No Kansas Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline: 130 days – sale held; 210 – 495 redemption period expires ; 230 – 515 file closed; • Right of Redemption: Yes (3 to 12 months) • Deficiency Judgments Allowed: Y es Kentucky Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 147 days – sale held; 177 sale confirmation; 198 deed recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Louisiana Foreclosure Laws • Judicial Foreclosure Available: Yes (Executory and Ordinary P rocess ) • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline (EP ): 180 days – sale held; 209 deed recorded; • Timeline (OP): 240 days – sale held; 269 deed recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Maine Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline: 240 days – sale held; 270 deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Maryland Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 46 days – sale held; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Massachusetts Foreclosure Laws • Judicial Foreclosure Available: No • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 75 days – sale held; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Michigan Foreclosure Laws • Judicial Foreclosure Available: Yes (rare) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 60 days – sale held; 90 – 425 redemption expires , deed recorded; • Right of Redemption: Yes (6 months is common) • Deficiency Judgments Allowed: Y es Minnesota Foreclosure Laws • Judicial Foreclosure Available: No • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Mortgage • Timeline: 90 – 100 days – sale held; 270-280 redemption expires ; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Mississippi Foreclosure Laws • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 90 days – sale held; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Missouri Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 60 days – sale held; 61-65 deed recorded; • Right of Redemption: Yes ( rare and difficult) • Deficiency Judgments Allowed: Y es Montana Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 150 days – sale held; 153 deed recorded; 163 possession transferred; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Nebraska Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Mortgage • Timeline (JF): 142 days – sale held; 176 deed recorded; • Timeline (NJ): 111 days – sale held; 121 deed recorded; • Right of Redemption: Judicial 30 days ; Non-judicial – no; • Deficiency Judgments Allowed: Y es • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline (NJ): 116 days – sale held; 118 trustee’s deed upon sale recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es New Hampshire Foreclosure • Judicial Foreclosure Available: Yes (rare) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 59 days – sale held; 75 deed recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 270 days – sale held; 280 deed recorded; 290 • Right of Redemption: Yes (10 days ) • Deficiency Judgments Allowed: Y es New Mexico Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Mortgage • Timeline: 180 days – sale held; 195 deed recorded; 225 redemption expires ; • Right of Redemption: Yes (30 days ) • Deficiency Judgments Allowed: Y es • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline (New York City): 445 days – sale held; • Timeline (Outside the City):335 days – sale held; • Right of Redemption: No • Deficiency Judgments Allowed: Y es North Carolina Foreclosure Law • Judicial Foreclosure Available: Yes (rare) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 110 days – sale held; 120 deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es North Dakota Foreclosure Law • Judicial Foreclosure Available: Yes (usually) • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 150 days – entry of judgment to sale; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Ohio Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 217 days – sale held; until redemption expires and deed is recorded depends on county; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Oklahoma Foreclosure Law • Judicial Foreclosure Available: Yes (usually) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 156 days – sale held; 186 sale confirmed; 201 deed recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Oregon Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes (usually) • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 150 days – sale held; 160 trustee’s deed recorded; • Right of Redemption: Rare • Deficiency Judgments Allowed: Y es • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 270 days – sale held; 300 redemption expires and deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Rhode Island Foreclosure Law • Judicial Foreclosure Available: Yes (rare) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 74 days – sale held; • Right of Redemption: No • Deficiency Judgments Allowed: Y es South Carolina Foreclosure • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instrument: Mortgage • Timeline: 150 days – sale complete; 180 redemption expires and deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es South Dakota Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes (Rare) • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 150 days – sale held; 340 redemption expires and deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Tennessee Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes (very rare) • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 40-45 days – sale held; 50-55 deed recorded • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Home E quity Loan • Timeline: 97 days – sale held; 102 deed recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Utah Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instrument: Deed of T rust, Mortgage • Timeline: 138 days – sale held; 139 deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Vermont Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 95 days – default judgment enters ; 275 redemption expires and deed recorded; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es http://vermont.gov/ Virginia Foreclosure Law • Judicial Foreclosure Available: Yes (rare) • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 45 days – sale held; 60 deed recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Washington Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 135 days – sale held; 140-150 deed recorded • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Washington D.C. Foreclosure Law • Judicial Foreclosure Available: No • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t • Timeline: 47 days – sale held; 48 deed sent for recording; • Right of Redemption: No • Deficiency Judgments Allowed: Y es West Virginia Foreclosure Law • Judicial Foreclosure Available: No • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 60-90 days – sale held; 120 deed recorded; • Right of Redemption: No • Deficiency Judgments Allowed: Y es Wisconsin Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: No • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 290 days – sale held; 300 confirmation of sale; 305 deed recorded; 315 final title; • Right of Redemption: Yes • Deficiency Judgments Allowed: Y es Wyoming Foreclosure Law • Judicial Foreclosure Available: Yes • Non-Judicial Foreclosure Available: Yes • Primary Security Instruments : Deed of T rus t, Mortgage • Timeline: 60 days – sale held; • Right of Redemption: Yes • Deficiency Judgments Allowed: No
publicizing Foreclosure Laws have incorrect information. We went through lengthy and timely
researc h to bring you the most up- to-date and correc t information available.
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1. RE: Foreclosure Laws By State
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