How long after default does the foreclosure process typically begin?

The timeframe for initiating foreclosure proceedings is generally determined by the lender's policies and practices, hence the option indicating that the process begins based on the lender's customary length is correct. Lenders may have specific protocols regarding when to initiate foreclosure after a borrower defaults, often depending on their internal guidelines and the state laws governing foreclosure.

It's important to note that while a lender might wish to act quickly after a default, especially in cases of repeated missed payments, they often prefer to follow set practices that may allow for a grace period or time to negotiate with the borrower. This helps ensure compliance with any regulations, protects the lender's interests, and allows for potential resolutions before foreclosure becomes necessary. Therefore, the timing is not absolute and can vary widely from lender to lender, making the lender’s customary timeline a key factor in understanding the process.

Other options imply specific conditions under which foreclosure starts, but the varied practices across lenders mean there isn't a universal rule that applies in every situation.