In today’s economy, foreclosure sales are happening with increased frequency. Foreclosure proceedings often start within three to four months after payments become delinquent, but it can also happen when the borrower fails to meet other terms in the mortgage document.

What Is Foreclosure? 
Foreclosure is the legal process by which a lender attempts to recover the amount owed on a default loan by taking ownership of the mortgaged property and selling it.

How Long Does Foreclosure Take? 
Properties foreclosed in the second quarter of 2021 had spent an average of 922 days in the foreclosure process, according to the U.S. Foreclosure Market Report from ATTOM Data Solutions, a property data provider. This is down slightly from the previous quarter’s average of 930 days, and up 34.5%, from 685 days, in the second quarter of 2020.

Filing A Lawsuit
Successful litigation defenses to foreclosure are due, in large part, to the unearthing of more and more evidence that the mortgage industry have been rife with errors. Courts that once rubber-stamped foreclosure actions have shifted their sympathies towards borrowers.

If you need a law firm to handle all of your foreclosure needs, Saunders & Associates, APC, is the firm for you. We represent clients throughout California. Our clients’ are our focus. We are committed to leveraging our combined knowledge and experience to exceed our clients’ expectations. Let us help you every step of the way. If you are wondering what makes Saunders & Associates different. The answer is YOU. Saunders & Associates is an excellent partner and guiding light for you, your business and legal needs.