Attorneys

Delaware Foreclosure FAQs

• Q: Does Delaware Law Allow for a Redemption Period After a Foreclosure?
  A: No, there is no right of redemption for borrowers whose property is foreclosed upon in Delaware. More
• Q: Where and When do Foreclosure Sales Take Place in Delaware?
  A: All Delaware foreclosures take place after a lender has a filed a lawsuit against a borrower in state court. State law requires that notice of the foreclosure be … More
• Q: What Public Notice Requirements Are There for a Real Estate Foreclosure in Delaware?
  A: Delaware is a judicial foreclosure state, therefore, the lender is required to file a lawsuit in order to have a foreclosure sale. The initiation of the lawsuit … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Delaware?
  A: Yes, if the full amount of the loan is not paid off by the proceeds of the foreclosure sale then a Delaware lender may sue the borrower to obtain the rest of the … More
• Q: How Can a Lender Foreclose on a Property in Delaware?
  A: All Delaware property foreclosures are judicial foreclosures. That means that the lender must sue the borrower in court in order to foreclose on the … More
• Q: How Long Does the Typical Foreclosure Process Take in Delaware?
  A: It takes about 2 -3 months to foreclose on a Delaware property. The borrower is given the right to appear in court to prove that he is not in default on the … More
• Q: Can I Keep My Home If I File Bankruptcy in Delaware?
  A: Delaware’s homestead exemption allows a homeowner to keep $50,000 of equity in the homeowner’s primary residence if the homeowner files for … More

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