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Delaware Foreclosure law

HomeForeclosuresDelaware Foreclosure law

Lenders in Delaware largely resort to the judicial 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 reason as to why the foreclosure should not be preceded.
  • Once the foreclosure is issued by court, the sheriff will issue a notice of sale to the home owner after giving a notice period of ten days for repayment of dues.
  • Deficiency judgments can be sought for by filing a separate lawsuit after the foreclosure is issued by court.

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