Real Estate Law
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Zero. Unless the contract provides a grace period, a lender can initiate pre-foreclosure the first day after the first payment is missed. In practice, most WON'T, but it would be legal. Check your contract to see if there is any grace period on payments and if so, how long. Banks are very backed up. Again, most don't initiate foreclosure for a while after someone misses a payment, because they can collect interest and late fees, and foreclosure is very expensive.
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