All about delay foreclosure

Chapter 7 Foreclosure Timeline – What Is It?

When consumers file for foreclosure, they usually want the process to be completed as quickly as possible. After all, the sooner you complete the target procedure, the sooner you can initiate the “financial recovery” and move forward. Unfortunately, filing for foreclosure does not mean that your problems will go away quickly. Even with Chapter 7 foreclosure, which is usually the faster form of personal filing, it will take some time.

The below information will help you estimate the expected time frame. But if you need to apply and have some questions, then you’d better talk to a specialist. Thus, their estimates can be based on the specifics of your situation, so you can be 100% sure about having an accurate schedule. 


Foreclosure Transfer Time – Chapter 7 Specs

Chapter 7 foreclosure is usually the quicker of the two types of personal documents, but that doesn’t mean it’s the quickest route to a clean list. It takes four months to one year to complete the Chapter 7 paperwork. The exact time depends on the number of assets that you must liquidate and the details of your particular case.

So, if you have a limited number of assets to liquidate and everything is going smoothly with the means check and the rest of your paperwork, then everything will be ready in just a few months. But if there are any difficulties or problems with the asset liquidation, your registration can take a long time (more than a year). According to a common scenario, you will need no less than six months; however, there are some Chapter 7 applications that take up to one year.


Chapter 7 – Tips

The standard time frame for completing Chapter 7 is four to six months. During this time, you must perform the following:

  • Take advice on credit issues before bankruptcy.
  • Your certificate must be dated within 180 days from the date you submitted your application. So, once you receive your certificate, you will have about 6 months to complete it.
  • After that, the first important time marker is the time it takes for your proxy to contact you.

From the moment you submit your application, you can expect to be contacted within 15-20 days after your case is considered. And the remaining process takes about 60-120 days for the proxy to do their job. The time frame will vary depending on the complexity of your case and the number of satisfied creditors’ objections. If you have any objections, your case may take longer.



The debt is sometimes so large that it would be difficult to make monthly payments. If you can’t afford to pay down your debt even with reduced interest rates, Chapter 7 foreclosure maybe your best option.