Losing your home is a serious situation, but it also comes with a lot of stress. You might wish to keep your financial situation private, but if the bank initiates foreclosure against you, that will not be possible.
State law requires the publication of foreclosure proceedings in the local newspaper. The bank’s attorney will handle this requirement. So, if you want to keep your foreclosure private, it is not possible.
Publication requirement
The law states that the bank must publish the notice every week for two weeks. They must go in a newspaper that is in the same county as the court. The bank also must provide the court proof that it met the publication requirements.
Publication contents
The notice the bank will put in the paper will include information about the public sale of your home. It will let people know when and where it will happen. It also makes it clear the sale is part of a foreclosure and dependent on the actions of the court since a sale cannot happen until the court issues the final judgment of foreclosure.
While there is no way to avoid having the notice about your foreclosure published in the local newspaper, you should note that it will not happen until you near the end of the case as it is a notice about the sale. You have time to handle the matter privately and work out an agreement with your lender to stop the foreclosure before the notice goes in the paper.
