When is a property officially considered foreclosed? 19 Answers as of October 31, 2013

I was just wondering when it is considered officially foreclosed. Is it when the foreclosure process starts or the date of the sale?

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Law Office of Thomas C. Phipps | Thomas C Phipps
When someone buys it at the foreclosure sale.
Answer Applies to: Missouri
Replied: 10/31/2013
Frank Law Group, P.C.
Frank Law Group, P.C. | David E. Frank
Date of the sale, normally.
Answer Applies to: California
Replied: 9/17/2013
Law Offices of A. J. Mitchell, LLC
Law Offices of A. J. Mitchell, LLC | A. J. Mitchell
The property is considered "foreclosed" after the lender / creditor exercises its power of sale on the date the property is scheduled to be "cried out" on the steps of the courthouse (usually, the first Tuesday of the month following 4 consecutive weeks of advertising); provided of course that the lender / creditor has met all of the legal requirements of foreclosure.
Answer Applies to: Georgia
Replied: 9/16/2013
Indianapolis Bankruptcy Law Office of Eric C. Lewis
Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
Sheriff's sale after judgment as to possession.
Answer Applies to: Indiana
Replied: 9/16/2013
Danville Law Group | Scott Jordan
Date of the sale. You are, however, the owner of the property until the bank files a trustee's deed transfer title of the house to themselves.
Answer Applies to: California
Replied: 9/13/2013
    Joseph Lehn, Esq
    Joseph Lehn, Esq | Lehn Law, PA
    A property is officially considered foreclosed when the foreclosure sale takes place. A certificate of title is recorded changing ownership.
    Answer Applies to: Florida
    Replied: 9/13/2013
    The Law Office of Darren Aronow, PC
    The Law Office of Darren Aronow, PC | Darren Aronow
    After the property gets deeded out of your name upon sale.
    Answer Applies to: New York
    Replied: 9/13/2013
    Pelsinger | Kenneth Pelsinger
    The date of sale is the foreclosed date, but that does not you can't over turn the sale to vacate the sale. The start of a foreclosure is the date on the Summons and Complaint in the upper right hand corner were the index number is.
    Answer Applies to: New York
    Replied: 9/12/2013
    Law Offices of David A. Tilem | Michael Avanesian
    Only a foolish attorney would answer a question like this where you can rely on the answer and when it turns out wrong or a little inaccurate, you sue him! Please consult an attorney. If you're losing your house, the $500 consult fee is worth it!
    Answer Applies to: California
    Replied: 9/12/2013
    Charles Schneider, P.C.
    Charles Schneider, P.C. | Charles J. Schneider
    Date of sale.
    Answer Applies to: Michigan
    Replied: 9/12/2013
    A Fresh Start
    A Fresh Start | Dorothy G Bunce
    A foreclosure is completed when the documents transferring title are recorded at the office of the county recorder.
    Answer Applies to: Nevada
    Replied: 9/12/2013
    Goldsmith & Guymon
    Goldsmith & Guymon | Marjorie Guymon
    The sale date so long as the sale is not continued. There has to be a change in ownership.
    Answer Applies to: Nevada
    Replied: 9/12/2013
    Steele, George, Schofield & Ramos, LLP
    Steele, George, Schofield & Ramos, LLP | Alan E. Ramos
    Until such time as the property is actually sold, it is considered "In foreclosure". It is important to note that the property owner is liable for any injury, or other such claims, that are related to the property until the property is sold, so I always recommend to my clients that they maintain their liability insurance until after the sale.
    Answer Applies to: California
    Replied: 9/12/2013
    Deborah F Bowinski, Attorney & Counselor at Law | Debby Bowinski
    The foreclosure sale is what completes the foreclosure process.
    Answer Applies to: Colorado
    Replied: 9/12/2013
    Law Office of Lynnmarie A. Johnson
    Law Office of Lynnmarie A. Johnson | Lynnmarie Johnson
    In Michigan in would be on the date that the Sheriff's Sale takes place.
    Answer Applies to: Michigan
    Replied: 9/12/2013
    J. Norman Stark, Attorney & Reg. Architect | J. NORMAN STARK, ATTORNEY
    Foreclosure is a process, beginning with the Complaint for Foreclosure, and continuing through the pleadings (written statements to the Court) and hearings, with judgment granted, Order of Sale, actual sale by the Sheriff and, finally, confirmation of the sale in writing, signed by the Court. Then it's final and the property ownership will transfer. Any more questions, contact an experienced Attorney.
    Answer Applies to: Ohio
    Replied: 9/12/2013
    Stuart P Gelberg
    Stuart P Gelberg | Stuart P Gelberg
    Date of the foreclosure sale.
    Answer Applies to: New York
    Replied: 9/12/2013
    Michael B. McFarland, P.A. | Michael B. McFarland
    In Idaho, a deed of trust foreclosure is complete upon the trustee's sale of the property. Up until that time, a bankruptcy filing will stay (suspend) the foreclosure sale, at least for a while. After the trustee's sale, a bankruptcy will not undo the foreclosure. If it's a mortgage, rather than a note with deed of trust, there may still be a redemption period which may apply. You should review your situation with an experienced bankruptcy attorney to find out for sure before the sale takes place.
    Answer Applies to: Idaho
    Replied: 9/12/2013
    Law Office of Barry R. Levine | Barry R. Levine, Esq.
    When the foreclosure sale takes place and title is transferred to the successful bidder.
    Answer Applies to: Massachusetts
    Replied: 9/12/2013
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