## How Many Missed Mortgage Payments Before Foreclosure?
The number of missed mortgage payments before foreclosure varies depending on the lender and the state in which the property is located. However, there are some general guidelines that can help you understand the process.
### Pre-Foreclosure Process
Before a lender can foreclose on your property, they must first go through a pre-foreclosure process. This process typically involves:
* **Sending you a notice of default:** This notice will inform you that you have missed a mortgage payment and that you have a certain amount of time to bring your account current.
* **Filing a foreclosure lawsuit:** If you do not bring your account current within the time frame specified in the notice of default, the lender will file a foreclosure lawsuit against you.
* **Obtaining a judgment of foreclosure:** If the lender wins the foreclosure lawsuit, the court will issue a judgment of foreclosure. This judgment will give the lender the right to sell your property to satisfy the debt you owe them.
### Redemption Period
In most states, you have a certain amount of time after the judgment of foreclosure is issued to redeem your property. This is known as the redemption period. During the redemption period, you can bring your account current and reinstate your mortgage. The length of the redemption period varies from state to state, but it is typically between six months and one year.
### Foreclosure Sale
If you do not redeem your property during the redemption period, the lender will sell it at a foreclosure sale. The proceeds from the sale will be used to pay off the debt you owe on the mortgage, as well as any other costs associated with the foreclosure process.
### How to Avoid Foreclosure
If you are facing foreclosure, there are a number of things you can do to try to avoid losing your home. These include:
* **Contact your lender:** As soon as you realize that you are going to miss a mortgage payment, contact your lender. They may be able to work with you to create a payment plan that you can afford.
* **Explore loan modification options:** If you are unable to make your current mortgage payments, you may be able to qualify for a loan modification. This is a process in which your lender agrees to change the terms of your loan, making it more affordable for you.
* **Get foreclosure counseling:** There are a number of non-profit organizations that offer foreclosure counseling services. These counselors can provide you with information about your rights and options, and help you develop a plan to avoid foreclosure.
### Conclusion
Foreclosure is a serious legal process that can have a devastating impact on your finances and your life. If you are facing foreclosure, it is important to take action immediately to protect your home.
## Frequently Asked Questions
**How many missed mortgage payments before foreclosure in California?**
In California, the lender must wait at least 90 days after the notice of default is issued before they can file a foreclosure lawsuit. The redemption period is also 90 days.
**How many missed mortgage payments before foreclosure in Florida?**
In Florida, the lender must wait at least 20 days after the notice of default is issued before they can file a foreclosure lawsuit. The redemption period is 10 days after the foreclosure sale.
**How many missed mortgage payments before foreclosure in Texas?**
In Texas, the lender must wait at least 90 days after the notice of default is issued before they can file a foreclosure lawsuit. The redemption period is 180 days.
**What happens when you miss a mortgage payment?**
When you miss a mortgage payment, the lender will typically send you a notice of default. This notice will inform you that you have missed a payment and that you have a certain amount of time to bring your account current. If you do not bring your account current within the time frame specified in the notice, the lender will file a foreclosure lawsuit against you.
**What is a foreclosure sale?**
A foreclosure sale is a public auction at which the lender sells the property to the highest bidder. The proceeds from the sale will be used to pay off the debt you owe on the mortgage, as well as any other costs associated with the foreclosure process.
**How can I avoid foreclosure?**
There are a number of things you can do to try to avoid foreclosure, including:
* Contacting your lender
* Exploring loan modification options
* Getting foreclosure counseling