Veterans Benefits Administration Home



APPENDIX G. STATE FORECLOSUE PROCESS AND STATUTORY BID INFORMATION STATE FORECLOSURE PROCESSStateProcedure (Type of Foreclosure Proceeding)Final Event (Loan Termination Event)Confirmation or Ratification of Sale State?Significant Event Update that Defines Loan TerminationData Element that Provides Loan Termination DateMax. Allowable FC TimeframeAfter Sale Redemption State?Maximum Redemption Period (Calendar )AlabamaNon-JudicialSaleNoResults of SaleDate of Sale60Yes365AlabamaJudicialSaleNoResults of SaleDate of Sale60Yes365AlaskaJudicialConfirmation/RatificationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale120Yes365AlaskaNon-JudicialSaleNoResults of SaleDate of Sale120NoNot ApplicableArizonaNon-JudicialSaleNoResults of SaleDate of Sale120NoNot ApplicableArizonaJudicialSaleNoResults of SaleDate of Sale120NoNot ApplicableArkansasJudicialSaleNoResults of SaleDate of Sale90NoNot ApplicableArkansasNon-JudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableCaliforniaNon-JudicialSaleNoResults of SaleDate of Sale150NoNot ApplicableCaliforniaJudicialSaleNoResults of SaleDate of Sale150NoNot ApplicableColoradoJudicialConfirmation/RatificationYesHolder Convey - Transfer of Custody Retain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale150Yes75ColoradoNon-JudicialSaleNo?Results of SaleDate of Sale150Yes75ConnecticutJudicialSale (Vesting Date)NoResults of SaleDate of Sale180NoNot ApplicableConnecticutNon-JudicialSale (Vesting Date)NoResults of SaleDate of Sale180NoNot ApplicableDelawareJudicialConfirmation/RatificationYesResults of SaleDate of Sale*240NoNot ApplicableDelawareNon-JudicialConfirmation/RatificationYesResults of SaleDate of Sale*240NoNot ApplicableDistrict of ColumbiaNon-JudicialSaleNo?Results of SaleDate of Sale60NoNot ApplicableDistrict of ColumbiaJudicialSaleNo?Results of SaleDate of Sale60NoNot ApplicableFloridaJudicialConfirmation/RatificationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale150NoNot ApplicableFloridaNon-JudicialConfirmation/RatificationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale150NoNot ApplicableGeorgiaNon-JudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableGeorgiaJudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableGuamNon-JudicialSaleNoResults of SaleDate of Sale180Yes365GuamJudicialSaleNoResults of SaleDate of Sale180??HawaiiJudicialConfirmation of SaleYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale240NoNot ApplicableHawaiiNon-JudicialConfirmation of SaleYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale240NoNot ApplicableIdahoJudicialSaleNoResults of SaleDate of Sale180Yes180IdahoNon-JudicialSaleNo?Results of SaleDate of Sale180NoNot ApplicableIllinoisJudicialConfirmation of SaleNoResults of SaleDate of Sale300NoNot ApplicableIllinoisNon-JudicialSaleNoResults of SaleDate of Sale300NoNot ApplicableIndianaJudicialSaleNo?Results of SaleDate of Sale270NoNot ApplicableIndianaNon-JudicialSaleNo?Results of SaleDate of Sale270NoNot ApplicableIowaJudicialSaleNoResults of SaleDate of Sale180NoNot ApplicableIowaNon-JudicialSale (Filing of Affadavit)NoResults of SaleDate of Sale60NoNot ApplicableKansasJudicialSaleNo?Results of SaleDate of Sale150Yes365KansasNon-JudicialSaleNo?Results of SaleDate of Sale150Yes365KentuckyJudicialConfirmation of SaleYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale150Yes365KentuckyNon-JudicialConfirmation of SaleYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale150Yes365LouisianaJudicialSaleNo?Results of SaleDate of Sale180NoNot ApplicableLouisianaNon-JudicialSaleNo?Results of SaleDate of Sale180NoNot ApplicableMaineJudicialSaleNoResults of SaleDate of Sale300NoNot ApplicableMaineNon-JudicialSaleNoResults of SaleDate of Sale300NoNot ApplicableMarylandNon-JudicialRatification of SaleYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale90NoNot ApplicableMarylandJudicialRatification of SaleYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale90NoNot ApplicableMassachusettsJudicial OrderSaleNoResults of SaleDate of Sale180NoNot ApplicableMassachusettsNon-JudicialSaleNoResults of SaleDate of Sale180NoNot ApplicableMichiganJudicialSaleNoResults of SaleDate of Sale90Yes365MichiganNon-JudicialSaleNo?Results of SaleDate of Sale90Yes365MinnesotaJudicialSaleYesResults of SaleDate of Sale90Yes365MinnesotaNon-JudicialSaleNoResults of SaleDate of Sale90Yes365MississippiNon-JudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableMississippiJudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableMissouriJudicialSaleYesResults of SaleDate of Sale60NoNot ApplicableMissouriNon-JudicialSaleNoResults of SaleDate of Sale60Yes365MontanaJudicialConfirmation/RatificationYesHolder Convey - Transfer of Custody Retain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale150Yes365MontanaNon-JudicialSaleNo?Results of SaleDate of Sale150NoNot ApplicableNebraskaJudicialConfirmation of SaleYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale180NoNot ApplicableNebraskaNon-JudicialSaleNo?Results of SaleDate of Sale120NoNot ApplicableNevadaNon-JudicialSaleNoResults of SaleDate of Sale150NoNot ApplicableNevadaJudicialSaleNoResults of SaleDate of Sale150NoNot ApplicableNew HampshireNon-JudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableNew HampshireJudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableNew JerseyJudicialSaleNoResults of SaleDate of Sale300Yes10New JerseyNon-JudicialSaleNoResults of SaleDate of Sale300Yes10New MexicoJudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale180Yes270New MexicoNon-JudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale180Yes270New York - Eastern CountiesJudicialSaleNoResults of SaleDate of Sale270NoNot ApplicableNew York - Eastern CountiesNon-JudicialSaleNoResults of SaleDate of Sale270NoNot ApplicableNew York - Western CountiesJudicialSaleNo?Results of SaleDate of Sale240NoNot ApplicableNew York - Western CountiesNon-JudicialSaleNo?Results of SaleDate of Sale240NoNot ApplicableNorth CarolinaNon-JudicialSaleNo?Results of SaleDate of Sale120Yes10North CarolinaJudicialSaleNo?Results of SaleDate of Sale120Yes10North DakotaJudicialSaleYesResults of SaleDate of Sale240Yes180North DakotaNon-JudicialSaleYesResults of SaleDate of Sale240Yes180OhioJudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale360NoNot ApplicableOhioNon-JudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale360NoNot ApplicableOklahomaJudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale210NoNot ApplicableOklahomaNon-JudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale210NoNot ApplicableOregonJudicialSaleNoResults of SaleDate of Sale150Yes180OregonNon-JudicialSaleNo?Results of SaleDate of Sale150NoNot ApplicablePennsylvaniaJudicialSaleNoResults of SaleDate of Sale270NoNot ApplicablePennsylvaniaNon-JudicialSaleNoResults of SaleDate of Sale270NoNot ApplicablePuerto RicoJudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale450NoNot ApplicablePuerto RicoNon-JudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale450NoNot ApplicableRhode IslandNon-JudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableRhode IslandJudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableSouth CarolinaJudicialSaleNoResults of SaleDate of Sale180NoNot ApplicableSouth CarolinaNon-JudicialSaleNoResults of SaleDate of Sale180NoNot ApplicableSouth DakotaJudicialSaleNo?Results of SaleDate of Sale150Yes365South DakotaNon-JudicialSaleNoResults of SaleDate of Sale90Yes365TennesseeNon-JudicialSaleNoResults of SaleDate of Sale60Yes730TennesseeJudicialSaleNoResults of SaleDate of Sale60Yes730TexasJudicialSaleNoResults of SaleDate of Sale90NoNot ApplicableTexasNon-JudicialSaleNo?Results of SaleDate of Sale90NoNot ApplicableUtahJudicialSaleNoResults of SaleDate of Sale150Yes180UtahNon-JudicialSaleNoResults of SaleDate of Sale150NoNot ApplicableVermontJudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale300NoNot ApplicableVermontNon-JudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale300NoNot ApplicableVirgin IslandsJudicialSaleNoResults of SaleDate of Sale540Yes180Virgin IslandsNon-JudicialSaleNoResults of SaleDate of Sale540Yes180VirginiaNon-JudicialSaleNo?Results of SaleDate of Sale60NoNot ApplicableVirginiaJudicialSaleNo?Results of SaleDate of Sale60NoNot ApplicableWashingtonJudicialConfirmationYesHolder Convey – Transfer of Custody Retain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale150Yes365WashingtonNon-JudicialSaleNo?Results of SaleDate of Sale150NoNot ApplicableWest VirginiaNon-JudicialSaleNoResults of SaleDate of Sale60NoNot ApplicableWest VirginiaJudicialSaleNoResults of SaleDate of Sale60NoNot ApplicableWisconsinJudicial - AbandonedConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of Custody?Date of Confirmation/ Ratification of Sale210NoNot ApplicableWisconsinJudicial - Owner OccupiedConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale330NoNot ApplicableWisconsinJudicial - Tenant OccupiedConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale240NoNot ApplicableWisconsinNon-JudicialConfirmationYesHolder Convey – Transfer of CustodyRetain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale330NoNot ApplicableWyomingJudicialConfirmation/RatificationYesHolder Convey - Transfer of Custody Retain or 3rd Pty – Confirmed Sale Date with No Transfer of CustodyDate of Confirmation/ Ratification of Sale90Yes90WyomingNon-JudicialSaleNo?Results of Sale??Date of Sale90Yes90 STATUTORY BID REQUIREMENTSState/TerritoryStatutory Bid Reqs (Y/N)?County NameStatutory Bid AmountStatutory Bid CalculationData Elements Required to Determine Bid AmountSignificant Event Update that Provides DataAlabamaN?????AlaskaN?????ArizonaN?????ArkansasYAll CountiesNot Applicable2/3 Total IndebtednessTotal IndebtednessResults of SaleCaliforniaN?????ColoradoN?????ConnecticutYAll CountiesTotal IndebtednessNot ApplicableTotal IndebtednessResults of SaleDelawareN?????District of ColumbiaN?????FloridaN?????GeorgiaN?????IdahoN?????IllinoisN?????IndianaN?????IowaN?????KansasYAll CountiesTAS Appraised ValueNot ApplicableTAS Appraised ValueNot ApplicableKentuckyYAll CountiesNot Applicable2/3 Sherriff's Appraised ValueSherriff's Appraised ValueResults of SaleLouisianaYAll CountiesNot Applicable2/3 Sherriff's Appraised ValueSherriff's Appraised ValueResults of SaleMaineN?????MarylandN?????MassachusettsN?????MichiganN?????MinnesotaN?????MississippiN?????MissouriN?????MontanaN?????NebraskaN?????NevadaN?????New HampshireN?????New JerseyN?????New MexicoN?????New York (ALL)N?????North CarolinaN?????North DakotaN?????OhioYAll CountiesNot Applicable2/3 Sherriff's Appraised ValueSherriff's Appraised ValueResults of SaleOklahomaYAll CountiesNot Applicable2/3 Sherriff's Appraised ValueSherriff's Appraised ValueResults of SaleOregonN?????PennsylvaniaN?????Puerto RicoYAll CountiesNot ApplicableUp to 3 sales 1st- Original Loan Amount or NV 2nd - 2/3 Original Loan Amount or NV 3rd - 1/2 Original Loan Amount or NVOriginal Loan Amount or Net Value (whichever is greater)Results of SaleRhode IslandN?????South CarolinaN?????South DakotaYAll CountiesTAS Appraised ValueNot ApplicableTAS Appraised ValueNot ApplicableTennesseeN?????TexasN?????UtahN?????VermontYAll CountiesTotal IndebtednessNot ApplicableTotal IndebtednessResults of SaleVirgin IslandsN?????VirginiaN?????WashingtonN?????West VirginiaN?????WisconsinN?????WyomingN????? ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download