Title: Delaware Foreclosure Process | Pocketsense
Headings: Delaware Foreclosure Process
Delaware Foreclosure Process
Mediation
Judicial
Sale
Vacate

Content: Delaware Foreclosure Process | Pocketsense
Delaware Foreclosure Process
•••
Comstock/Comstock/Getty Images
By: Monica Dillon
Updated December 12, 2019
Share It
Share
Tweet
Post
Email
Print
Related
What Happens When a House Goes Into Foreclosure in Wisconsin? Learn More →
Delaware is among several states that use a judicial process to foreclose on homeowners who are delinquent on their mortgage. Delaware's judicial foreclosure is a lengthy process and offers you opportunities to work with the lender to seek alternatives and additional time to stay in the house. Understanding when you can legally have your say and stop or postpone the foreclosure process might give you time to find more suitable housing or bring your loan up to date. Mediation
In Delaware, the foreclosure process begins once you become three to four payments behind on your mortgage. While participation is not mandatory, you become eligible for mediation with your lender through the state's mediation program. Your first opportunity to stop the foreclosure process, the state's mediation program allows you, the lender and a neutral third party to sit down and discuss alternatives. Alternatives might include a forbearance, loan modification, deed in lieu of foreclosure or a short sale. The state requires you to contact a housing counselor to begin the process.