Calculate foreclosure for real estate investments and properties
Enter current home value, loan balance, back payments, legal fees, and sale proceeds. The calculator shows net proceeds or deficiency after foreclosure.
A $400,000 value home with $380,000 owed, $25,000 in back payments and fees may net only $5,000 after foreclosure sale.
Varies by state from 60 days (non-judicial states like Texas) to 2+ years (judicial states like New York). Most take 6-12 months.
Yes, consider loan modification, short sale, or deed in lieu of foreclosure. These options damage credit less than foreclosure.
If foreclosure sale proceeds don't cover loan balance, lender may pursue you for the difference (deficiency), though laws vary by state.