STATE FORECLOSURE PROCEDURES - VIRGINIA
Friday, August 13
VIRGINIAConveyance is by bargain and sale deed. Deeds of trust are the customary security instruments. Foreclosure takes about 2 months. - Judicial Foreclosure Available: Yes - Non-Judicial Foreclosure Available: Yes - Primary Security Instruments: Deed of Trust, Mortgage - Timeline: Typicall...
STATE FORECLOSURE PROCEDURES - VERMONT
Friday, August 13
VERMONTConveyance is by warranty or quitclaim deed. Mortgages are the customary security instruments, but large commercial transactions often employ deeds of trust. Mortgage foreclosures require judicial proceedings for strict foreclosures; after sale, there is a redemption period of one year for...
STATE FORECLOSURE PROCEDURES - UTAH
Friday, August 13
UTAHConveyance is by warranty deed. Mortgages and deeds of trust with private power of sale are the security instruments. Mortgage foreclosures require judicial proceedings which take about a year; deed of trust foreclosures take advantage of private power of sale provisions and take about 4 mont...
STATE FORECLOSURE PROCEDURES - TEXAS
Friday, August 13
TEXASConveyance is by warranty deed. Deeds of trust are the most common security instruments. Following the posting of foreclosure sales at the local courthouse for at least 21 days, the sales themselves take place at the courthouse on the first Tuesday of the month. Texas is a community property...
STATE FORECLOSURE PROCEDURES - TENNESSEE
Friday, August 13
TENNESSEEConveyance is by warranty or quitclaim deed. Deeds of trust are the customary security instruments. Foreclosures, which are handled according to trustee sale provisions, are swift, that is, 22 days from the first publication of the notice until the public sale, and there is normally no r...
STATE FORECLOSURE PROCEDURES - SOUTH DAKOTA
Friday, August 13
SOUTH DAKOTAConveyance is by warranty deed. Mortgages are the usual security instruments. Foreclosures may occur through judicial proceedings or through the power of sale provisions contained in certain mortgage agreements. Sheriff’s sales follow publication of notice by 30 days. The redemption p...