Foreclosure News: Fannie Mae Increases Maximum Allowable Days in 33 States


In an announcement yesterday, Fannie Mae gave notice that it is increasing the maximum number of allowable days for foreclosure sales in 33 states. The changes take effect for sales on or after August 1.

In a foreclosure proceeding, the maximum allowable days represents the time it typically takes for a “routine, uncontested” process—from due date of the last paid installment to full completion of the foreclosure. For each state, it takes into consideration the legal requirements of the applicable jurisdiction and common delays that can occur out of the control of the servicer.

Related: Foreclosures 101: How the Process Works and How Investors Can Profit

Increases in 33 Jurisdictions

Per Fannie Mae, the allowable days have been increased in the following jurisdictions: Alaska (increased to 480 days), Arizona (360), Arkansas (510), California (540), Colorado (540), Connecticut (810), Delaware (960), Florida (930), Georgia (360), Hawaii (1080), Idaho (570), Illinois (690), Kansas (480), Kentucky (600), Louisiana (540), Maine (990), Maryland (720), Michigan (330), Nevada (900), New Mexico (930), New Hampshire (510), Oklahoma (600), Oregon (1080), Pennsylvania (810), Puerto Rico (810), Rhode Island (840), South Dakota (600), Tennessee (360), Texas (420), Vermont (900), Washington (720), West Virginia (390), Wisconsin (540), and Wyoming (360).

Acceptable Reasons for Delay

If proceedings extend longer than the allowable period and the servicer doesn’t give an acceptable reason for the delay, Fannie Mae will require a “compensatory fee.”

Related: How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home

Per its Servicing Guide, Fannie Mae views the following as acceptable reasons for delay:

  • Bankruptcy (Chapters 7, 11, 12 & 13)
  • Probate
  • Military indulgence
  • Contested or litigated foreclosure
  • Workout in review
  • Trial period plan
  • Unemployment forbearance
  • New Jersey foreclosure delays

Click here for more information on allowable delays and a complete list of all 50 states’ maximum number of allowable days for foreclosure proceedings.

Investors: What do you think about these new time frames? Is your local market affected?

Leave a comment below!

About Author

Allison Leung

A career writer, editor and blogger, Allison serves as the Lead Editor and Community Manager for In the past, she has channeled her passion and curiosity for all things real estate into her jobs by working in real estate law and heading a blog about real estate market trends. Don’t ask about her dog, Ace, unless you want to see approximately 500 photos of his (adorable) face.


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