§ 5644 Lien Expiration After Foreclosure

• •If someone doesn't start the process to take back a property within 120 days after it's sold or bought back, they lose their right to do so.
• •This means the debt tied to the property is wiped clean if the lender waits too long.
• •The 120-day countdown starts right after the property is sold or redeemed.

You stop paying your mortgage, and the bank sells your house to get their money back.

If the bank doesn’t start the legal process to take the house within 120 days after selling it, they can’t come after you or the house anymore. The debt is gone.