Price: $49,600

Address: Lake Arrowhead Cir Bear, DE 19701
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Foreclosure Timeline
This property is in the Notice of Foreclosure Sale phase of the Foreclosure process (highlighted in red).

• Day 1: Notice of Default (NOD) recorded. The defaulting property owner has 3 calendar months to cure, or payback the default amount, either by paying off the lien, or by negotiating a payment plan


• Within 10 days: Notice of Default mailed.


• Within 1 month: Notice of Default mailed.


• 3 Months Later: Trustee schedules a Trustee's Sale (auction).


• 21 days later: On the date of sale, trustee sells the property to the highest bidder. This sale is usually held at the trustee’s office, or at the County Courthouse (call trustee for updates on time, date, place).

Foreclosure Status Glossary

• Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure process, usually after the occurrence of a default under the deed of trust, or mortgage. Both LIS and NOD are part of the PRE-foreclosure process.


• Lis Penden (LIS): Notification of pending lawsuit. The initial document (judicial) filed by an attorney or trustee that starts the foreclosure process after the occurrence of default under the deed of trust or mortgage. Both LIS and NOD are part of the PRE-foreclosure process.


• Notice of Trustee’s Sale (NTS): A filing by notice announcing a public auction.


• Notice (Judgment) of Foreclosure Sale (NFS): An order signed by a judge, directing a “Notice of Sale” be published and that a referee (trustee) sell the property at public auction.


• Real Estate Owned (REO): “Real Estate Owned” by the lender; the final step in foreclosure process. This document conveys property ownership back to lender.

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