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Foreclosure Survival Guide
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Foreclosure Survival Guide (1st Edition)
| Topic | State Rule |
|---|---|
| Common type of foreclosure process | Judicial |
| Time to respond | After court issues foreclosure judgment, foreclosing party must post a notice of sale on the courthouse door and in five other public places and publish notice weekly for four weeks. |
| Reinstatement of loan before sale | Available while foreclosure lawsuit is proceeding and after the court issues a decree of sale but before sale. If mortgage is reinstated after decree of sale, the court will enter a judgment of foreclosure and sale but stay the effect of the judgment as long as homeowner stays current on payments. |
| Redemption after sale | No |
| Special protections for foreclosures involving high-cost mortgages | None |
| Special state protections for service members | None |
| Deficiency judgments | May be obtained by filing separate lawsuit after a court issues a foreclosure judgment |
| Cash exempted in bankruptcy | $2,500 for one person, $5,000 for a married couple |
| Notice to leave after house is sold | In foreclosure judgment, court may order former owner to leave. |
| Foreclosure statutes | Neb. Rev. Stat. §§ 25-2137 to 25-2155 |