Servicing Guide

Published September 9, 2020

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What are the maximum number of allowable days for foreclosure proceedings to be completed?

Fannie Mae has established time frames within which it expects routine foreclosure proceedings to be completed. See the Foreclosure Time Frames and Compensatory Fee Allowable Delays Exhibit for the maximum number of allowable days within which routine foreclosure proceedings are to be completed.

The maximum number of allowable days

  • denotes the maximum allowable time lapse between the due date of the LPI and the completion of the foreclosure sale;

  • represents the time typically required for routine, uncontested foreclosure proceedings;

  • reflects the legal requirements of the applicable jurisdiction; and

  • takes into consideration delays that may occur outside of the control of the servicer.

For more information please see: E-3.2-15: Allowable Time Frames for Completing Foreclosure.

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

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