What is the foreclosure timeline?

The timeline of a foreclosure in West Virginia typically begins when a homeowner falls behind on their mortgage payments. The lender will send a letter to the homeowner warning that they are in default of the loan and must make payments to the lender immediately. The lender can then file a lawsuit in the Circuit Court of the county in which the home is located. If the lender wins the case, the homeowner has 10 days to appeal the court’s ruling or to file an Answer in response to the complaint. If the homeowner does not file an Answer, the court will enter a judgment against the homeowner and the lender can proceed with the foreclosure process. Once the Judgment is entered, the lender can post a notice to the homeowner’s door or in a local newspaper to inform the homeowner and the public that a foreclosure sale is scheduled. This foreclosure sale must take place at least 45 days after the Notice of Sale is posted. At the foreclosure sale, the lender will offer the property for sale to the highest bidder. If the lender is the highest bidder, the lender will become the owner of the property and the homeowner will be evicted. The homeowner may have 10 days to appeal the sale, but it is unlikely that the sale will be overturned. Once the foreclosure sale is finalized, the foreclosure process is complete and the homeowner will no longer own the property. The homeowner must vacate the property and the lender will become the new owner.

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What is the foreclosure timeline?

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