Foreclosures
Foreclosures begin with the Trustor (borrower) not making the monthly payments to the Beneficiary (Lender). The first missed payment is 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 following time-line is applicable for non-judicial California Foreclosures under a Deed of Trust.
Day 1 Notice of Default is filed with the county recorder
Within 10 business days Mail Notice of Default to borrower address
Within 1 month Mail Notice of Default
After 3 months Set Trustee sale date
25 days before Trustee Sale date Send notice of sale to I.R.S.(when necessary)
Within 10 days
from 1st publication of Trustee Sale		 Send beneficiary request for property directions
14 days before Trustee Sale date Record Notice of Trustee Sale
7 days before sale date If court action, 7day rule may apply
5 business days before sale date Expiration of borrower's right to re-instate the loan
Sale date Property is sold to highest third party bidder
or reverts to Beneficiary at public auction

If you are at any step of this process, please contact us for free help!