Foreclosure cases can be found on WCCA by performing an Advanced Case Search” and entering the case classification code of: 30404 along with the other required information. You also could look at a local real estate website that lets you filter the results to see only foreclosures. The entire judicial foreclosure process, from the borrower’s first, missed payment through the lender’s sale of the home, usually takes 480 to 700 days, according to the Mortgage Bankers Association of America. There will be starts and stops along the way, and the sale can fall through at any time.
To be eligible for compensation, the counseling must conform to Level 3 counseling requirements, as established under the National Foreclosure Mitigation Counseling (NFMC) Program, plus a few additional requirements detailed in the counseling protocol available at NFMC website. You should consult an attorney and/or a foreclosure specialist for individual advice regarding your own situation.
In the United States, although states have their own variations, the basic premises of foreclosure law remain the same. Along with the address, date and sales price is included the mortgage amount, if any, the year of the previous sale of the property and the price paid in that previous sale. In California, lenders can foreclose on deeds of trust or mortgages using a nonjudicial foreclosure process (outside of court) or a judicial foreclosure process (through the courts).
A process is being developed to attach a unique housing counseling agency identifier to the file of any borrower that has received counseling. During the 21-day period after the Notice of Sale is recorded, any person or institution (like a bank) with an interest in your home has the right to redeem the home up until the nonjudicial foreclosure sale/auction. So if you have missed fewer than three payments, you’re not actually in foreclosure. All types of foreclosure require public notices to be issued and all parties to be notified regarding the proceedings.
However, there are also indicators that lenders are increasingly turning to deeds in lieu of foreclosure and short sales as alternatives to traditional foreclosures. Consider finding a real estate agent with connections in the foreclosure market to help you locate potential properties, an attorney familiar with the foreclosure laws in your area to review all paperwork, and a reputable general contractor to oversee any necessary home repairs.