Via Freddie Mac-
As part of our periodic review of State foreclosure time lines, we’ve increased State foreclosure time lines for all foreclosure sales completed on or after August 1, 2015, in 34 of the 55 jurisdictions. You’ll see these changes reflected in your September Compensatory Fee Analysis report. Please review the updated time lines below.
We’ve also extended the temporary suspension of State foreclosure time line compensatory fee assessments in the District of Columbia, Massachusetts, New York (including New York City), and New Jersey from June 30, 2015, to December 31, 2015. The temporary suspension was originally announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2014-19 [pdf].
NOTE: The changes discussed in this article will be formally announced in our October 2015 Guide Bulletin, including updates to Guide Exhibit 83, Freddie Mac State Foreclosure Time Lines.
Updated Freddie Mac State Foreclosure Time Lines
The following table shows our prior and updated foreclosure time lines (in calendar days):
| State |
Foreclosure Time Lines |
Foreclosure Time Lines |
|---|---|---|
| Alabama |
360 |
360 |
| Alaska |
450 |
480 |
| Arizona |
330 |
360 |
| Arkansas |
450 |
510 |
| California |
510 |
540 |
| Colorado |
420 |
540 |
| Connecticut |
750 |
810 |
| Delaware |
780 |
960 |
| District of Columbia |
300 |
300 |
| Florida |
810 |
930 |
| Georgia |
330 |
360 |
| Guam |
500 |
500 |
| Hawaii |
840 |
1,080 |
| Idaho |
540 |
570 |
| Illinois |
630 |
690 |
| Indiana |
570 |
570 |
| Iowa |
630 |
630 |
| Kansas |
420 |
480 |
| Kentucky |
540 |
600 |
| Louisiana |
510 |
540 |
| Maine |
690 |
990 |
| Maryland |
660 |
720 |
| Massachusetts |
440 |
440 |
| Michigan |
300 |
330 |
| Minnesota |
390 |
390 |
| Mississippi |
360 |
360 |
| Missouri |
330 |
330 |
| Montana |
450 |
450 |
| Nebraska |
420 |
420 |
| Nevada |
690 |
900 |
| New Hampshire |
420 |
510 |
| New Jersey |
750 |
750 |
| New Mexico |
720 |
930 |
| New York |
820 |
820 |
| New York City |
990 |
990 |
| North Carolina |
450 |
450 |
| North Dakota |
630 |
630 |
| Ohio |
570 |
570 |
| Oklahoma |
570 |
600 |
| Oregon |
600 |
1,080 |
| Pennsylvania |
750 |
810 |
| Puerto Rico |
720 |
810 |
| Rhode Island |
660 |
840 |
| South Carolina |
600 |
600 |
| South Dakota |
570 |
600 |
| Tennessee |
300 |
360 |
| Texas |
390 |
420 |
| Utah |
540 |
540 |
| Vermont |
810 |
900 |
| Virgin Islands |
510 |
510 |
| Virginia |
390 |
390 |
| Washington |
660 |
720 |
| West Virginia |
300 |
390 |
| Wisconsin |
510 |
540 |
| Wyoming |
330 |
360 |
SOURCE: FREDDIE MAC
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