Co-Op Foreclosure Timeframe

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Day 180
Eviction complete . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Day 150
Deliver Warrant to Sheriff/Marshall for Evictions . . . . . . . . .
Day 90
Hold sale. If no party purchasers, follow additional instructions given by mortgage company . . . . . . . . . . . . . . .
Day 60
Day 25
Order Uniform Commercial Code search, referral/file opened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Day 1
Review search. Prepare and serve Notice of Foreclosure by regular and certified mail to all interested parties. Notice gives thirty (30) days to satisfy the loan . . . . . . . . . . . . . . . .
Arrange a sale date with advertising agency and auctioneer. Prepare and serve Notice of Sale by regular and certified mail to all interested parties. Advise lender of sale date and request bid amount. The sale is published three(3) times, once each week in a local paper . . . . . . . . . . . . . . . . . . . . .