{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.
If you respond in time, the bank must wait 90 days from the date of the Notice of Pre-Foreclosure Options before posting a Notice of Default, which is the next required notice. If you choose not respond, the lender can issue the Notice of Default 30 days after the date on the Notice of Pre-Foreclosure Options.