OMG Facilitators Optimal. Mitigation. Group aka Yesterdays Foreclosure

Loss Mitigation Home Page Log into Office Foreclosures Short Sale Negotiators Mitigation Back Office Homeowners Affiliate Program Foreclosure by State Make a Payment Hope For Homeowners Why Choose Us? Live Chat Software for Business State The type of document (either a Mortgage or a Trust Deed) used to secure the debt on a real propertySecurity Instrument A foreclosure process where the lender must file a lawsuit against the borrower to obtain a court order to foreclose on a Mortgage documentJudicial A foreclosure process where a third party has the power of sale to foreclose on a Trust Deed document, through public noticesNon-Judicial The first type of document that must be made public by the foreclosing lender to start the foreclosure processInitial Public Notice The amount of time it takes from the first public foreclosure notice until the property goes to sale at public auctionTime Frame Where available, the amount of time the homeowner has to redeem (purchase) their property back after it was sold at public auctionRedemption Period When available, the lender (or borrower) may have the right to file a lawsuit and receive a judgment if there was a loss of money from the public auction sale Deficiency Alabama Mortgage / Trust Deed Yes (Rare) Yes Publication 30-60 days Yes - 12 Months Allowed Alaska Trust Deed / Mortgage Yes Yes Notice of Default 90 days Non-Judicial Foreclosure Only judicial foreclosure only Arizona Trust Deed / Mortgage Sometimes Yes Notice of Sale 90 days No Varies Arkansas Mortgage / Trust Deed Yes Yes Complaint 120 days Judicial foreclosure only (Ends at Sale) Non-judicial foreclosure only California Trust Deed Sometimes Yes Notice of Default 111 days or more Yes, judicial foreclosure only Yes, judicial foreclosure only Colorado Trust Deed / Mortgage Yes Yes Notice of Default 60 days Yes - 75 Days Yes Connecticut Mortgage Yes No Complaint 60-150 days Court's discretion Yes Delaware Mortgage Yes No Complaint 90 days No No Dist of Columbia Trust Deed No Yes Notice of Default 60 days No Yes Florida Mortgage Yes No Complaint 180 Yes-brief and subject to court procedure Yes Georgia Security Deed / Mortgage Yes Yes Publication 90 days Yes Yes Hawaii Mortgage / Trust Deed Yes Yes Publication 160-195 days No Yes Idaho Trust Deed No Yes Notice of Default 150 days Yes Yes Illinois Mortgage Yes No Complaint 210 days Yes, limited Varies Indiana Mortgage Yes No Complaint 150 days Yes - 3 Months Yes Iowa Mortgage Yes No, but deed in lieu permitted Petition 160 days No No Kansas Mortgage Yes No Complaint 120 days Yes - 6-12 Months Yes Kentucky Mortgage Yes No Complaint 147 days Yes Yes, with restrictions Louisiana Mortgage Yes No Petition 60 days No Yes Maine Mortgage Yes No Complaint 90-365 days (depends on mortgage date) Yes Yes Maryland Trust Deed / Mortgage Yes Yes Notice 90 days No Yes Massachusetts Mortgage / Trust Deed Yes Yes Complaint 90 days Yes, in foreclosure by possession No Michigan Mortgage / Trust Deed Yes Yes Publication 60 days Yes - 6 Months (30 days if abandoned) Varies, case by case Minnesota Mortgage / Trust Deed Yes Yes Publication 60 days Yes - 6-12 Months (35 days if abandoned/vacant) Yes Mississippi Trust Deed / Mortgage Yes Yes Publication 60 days No No Missouri Trust Deed / Mortgage Yes Yes Publication 60 days Yes No Montana Trust Deed / Mortgage Yes Yes Notice 150 days No Judicial foreclosure only Nebraska Mortgage Yes Yes Petition 180 days None, after confirmation of sale No Nevada Trust Deed / Mortgage Sometimes Yes Notice of Default 60-120 days judicial foreclosure only Yes New Hampshire Mortgage / Trust Deed Yes Yes Notice of Sale 60 days No Yes New Jersey Mortgage Yes No Complaint 90-120 days Unless Contested Yes, limited - 10 Days Yes, restricted New Mexico Mortgage Yes No, except commercial properties Complaint 120 days Yes Yes New York Mortgage / Trust Deed Yes Yes, but almost never used Complaint 12-19 months No Yes North Carolina Trust Deed / Mortgage Yes Yes Notice Hearing 60 days Yes Varies case by case North Dakota Mortgage Yes No Complaint 90 days Yes - 60 Days -12 months Yes Ohio Mortgage Yes No Complaint 150 days Yes Yes Oklahoma Mortgage / Trust Deed Yes Yes Complaint 90 days None, upon confirmation of sale Yes, with time limitation of filing Oregon Trust Deed / Mortgage Yes Yes Notice of Default 120-180 days Yes, but only with judicial foreclosure Yes, but only with judicial foreclosure Pennsylvania Mortgage Yes No Complaint 90 days No Yes Rhode Island Mortgage / Trust Deed Yes Yes Publication 60 days Varies by process Yes South Carolina Mortgage Yes No Complaint Varies No Yes South Dakota Mortgage / Trust Deed Yes Yes Complaint 90 days Yes, but various time periods Varies on case by case basis Tennessee Trust Deed / Mortgage Yes Yes Publication 60 days Yes-non-judicial foreclosure Yes Texas Trust Deed / Mortgage Yes Yes Publication 60 days No Yes Utah Trust Deed / Mortgage Yes Yes Notice of Default Varies Yes Yes Vermont Mortgage / Trust Deed Yes, in strict foreclosure process Yes Complaint 210 days Yes Yes Virginia Trust Deed / Mortgage Yes Yes Publication 60 days Varies Yes Washington Trust Deed / Mortgage Yes, but not common in Washington Yes Notice of Default Varies (190 days) Available only in judicial foreclosure, and very rare Yes, but only in judicial foreclosure West Virginia Trust Deed / Mortgage Yes Yes Publication 60 days No No Wisconsin Mortgage / Trust Deed Yes Yes Complaint Varies (90 days -12 months) Yes, if no court confirmation of sale Yes, unless waived Wyoming Mortgage / Trust Deed Yes Yes Publication 90 days Yes - 3 Months Yes

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