When you are delinquent on your mortgage the lender may file a Notice of Default. Lenders often wait until borrowers are 90 days or more behind on their loans before filing an NOD but they do not have to wait that long. Filing of the NOD starts the clock running.
A Notice of Trustee Sale can be filed three calendar months after the filing of the NOD. The NTS sets the date of the sale of the property (foreclosure date).
The Trustee Sale Date must be at least 20 days after the recording of the NTS.
Soâ€¦from the filing of the Notice of Default to the trustee sale of the property could be less than four months. The lender can also postpone the auction.
Of course, the borrower can stop the auction up until just a few days before by paying all of the delinquent amounts plus fees.
In order to answer your question accurately, we need clearer and more specific information from you as some have posted to you.
Do you have a current mortgage with Etrade?
Are you currently delinquent? If so, how many months past due are you?
Or, are you just asking about foreclosures in general?
Please respond, and many of us can just in and attempt to help you.
SecurityNtional Mortgage Company
NMLS Lic. # 343946
Company NMLS # 3116