California Foreclosures
The following time-line is applicable for California Non-Judicial Foreclosures under a deed of trust. Foreclosures begin when the Trustor (borrower) does not make the monthly payment to the Beneficiary (Lender).
The first missed payment is a technical default, but in practical terms, most Beneficiaries do not begin the process until the third payment is missed.
If the Beneficiary cannot resolve the defaulted payment amount with the Trustor through forbearance or other loss mitigation measures, the Beneficiary will instruct the Trustee to begin foreclosure proceedings.
The first missed payment is a technical default, but in practical terms, most Beneficiaries do not begin the process until the third payment is missed.
If the Beneficiary cannot resolve the defaulted payment amount with the Trustor through forbearance or other loss mitigation measures, the Beneficiary will instruct the Trustee to begin foreclosure proceedings.
The Non - Judicial Foreclosure Timeline - California
- Day 1
- Within 10 Days
(NOD) are mailed to the Trustor(s) and anyone requesting Special Notice.
- Within 1 Month
- After 3 Months
Trustee to set a sale date.
- 25 Days Prior to Sale Date
- At Least 20 Days Prior to Sale Date
- Within 10 Days from first publication of Notice of Sale
- 20 Days Prior to Sale
- 5 Business Days Before Sale Date
- Sale Date
HUD Foreclosure Counseling Agency- For Homeowners
At Lenders T.D. Service, Inc., we can help you with these processes from step one all the way to the sale date!
Contact us today for more information.
At Lenders T.D. Service, Inc., we can help you with these processes from step one all the way to the sale date!
Contact us today for more information.
