{dragByHandle:false,dragByBody:false,cssSelector:ql-category,widgetClass:OverlayWidget,bindings:{bind0:{element:.ItemViewerWithQuickLook .Quicklook > .trigger,type:quicklookselected,fn:function(){$.fnProxy(arguments,\'#_widget1876005179023\',OverlayWidget.show,\'OverlayWidget.show\');}},bind1:{element: ...
This does not necessarily occur after one or more payments are not met but for logistical reasons may occur after a loan is in substantial default â sometimes six months or more past due. This is known as the redemption period. The foreclosure process does not move forward for a minimum of 60 days.
Stages of Foreclosure. The foreclosure process is not very difficult to understand. There are several stages during which the homeowner has an opportunity to bring the loan current and avoid foreclosure. After about three to six months of missed payments, the lender orders a trustee to record a Notice of Default (NOD).