Foreclosure timeline
January 22nd, 2010
Flipping Real Estate is often not a very easy task. Even if it gives quick money, every procedure has various timelines which one needs to follow. Foreclosure also has specific processes and timelines within which one needs to rush. There a pre-lien period of 30 days and Lien period of another 30 days to be able to check if there is any way the amount can be paid. In case of failure to pay, there is a Notice of default given for 90 days. It moves to a notice of sale for about 25 days leading to a final trustee sale. If unsold, it becomes a bank owned property.
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