Zillow Advice: Home Buying - How long does it take for a home to go from pre-foreclosure to for sale? http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ Zillow Advice | Zillow Real Estate Zillow makes a distinction ... http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ Zillow makes a distinction between "90 day late notice" and "auction date set" for each "pre-foreclosure" indicated on the website.<br/><br/>You can pretty-much ignore the "missed 3 months of payments" as the owner will likely correct that way before it ever goes into foreclosure (which could be anywhere between 2 years and 5 years if they do nothing to get caught up on payments), and those would change status on Zillow to "auction date set" way before any possible foreclosure occurs.<br/><br/>So, if an auction date is set, you know approximately when the foreclosure is supposed to occur.&nbsp; You can show up at the auction and buy it then, if you want, assuming the owner doesn't get caught up on the payments ahead of time.<br/><br/>At the auctions, the lender is prepared to buy back the property if sufficient bids are not made by others.&nbsp; If they do that, most will eventually put it back on the market as an REO, depending on how many they already have backlogged that they need to liquidate.&nbsp; It can be anywhere from 1 month to 1 year after the auction before it shows up on the market as an REO.&nbsp; It is all up to the financial institution.&nbsp; There are no date requirements.<br/> Sat, 31 Aug 2013 11:13:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ 2013-08-31T11:13:00Z In pre-foreclosure, an owner ... http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ In pre-foreclosure, an owner may still rescue the property.&nbsp;&nbsp; It could be a few months but it may be years until it actually appears on the market. Sat, 31 Aug 2013 02:03:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ 2013-08-31T02:03:00Z In my experience there is ... http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ In my experience there is no set time for a property to go from pre-foreclosure to "for sale." I have seen the time for this to happen occur in as little as 90 day and as long as 3 years.&nbsp; Sat, 31 Aug 2013 02:03:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ 2013-08-31T02:03:00Z Thank you for responding.. ... http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ Thank you for responding.. The property is in ohio Sat, 31 Aug 2013 02:00:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ 2013-08-31T02:00:00Z Foreclosure law is different ... http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ Foreclosure law is different in each state. In which state is the property located? Sat, 31 Aug 2013 00:18:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ 2013-08-31T00:18:00Z If a Notice of Default has ... http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ If a Notice of Default has been sent that letter should have a projected sale date on it. Strictly speaking, a house is in the pre-foreclosure stage once a breach of contract notice is sent out, typically 90 days after the loan is past due. Sat, 31 Aug 2013 00:13:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-for-a-home-to-go-from-pre-foreclosure-to-for-sale/509078/ 2013-08-31T00:13:00Z