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Delaware Foreclosure law

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Delaware Foreclosure law
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Lenders in Delaware mainly resort to the legal form of foreclosure for retrieving their dues from borrowers.

  • Under a judicial foreclosure, lenders can file a lawsuit in court to which borrowers have to respond in less than 20 days, showing why the foreclosure should not proceed.
  • Once the court issues the foreclosure, the sheriff will issue a notice of sale to the homeowner after giving a notice period of ten days to repay dues.
  • Deficiency judgments can be sought by filing a separate lawsuit after the court issues the foreclosure.

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