This can happen no earlier than 20 days after the Notice of Trustee’s Sale is recorded.

The next step, called the Notice of Trustee’s Sale, sets a date for a public foreclosure auction of your home. When you receive the Notice of Default, you have 180 days to get your loan current or the bank can take the next step in the foreclosure process. Treat unsolicited mail with extreme caution as many come from scam artists and unscrupulous businesses. This document will be public record and may be viewed by anyone, so you will likely begin receiving letters and solicitations in the mail advertising solutions like loan modifications and lawsuits to save your home.

As an example, you may have the option to make all back payments plus fees and interest. The document is official notice that you are in default on your mortgage and it will include options for getting your loan out of default. When you receive a Notice of Default in California, the formal foreclosure process has begun. Your lender is required to give you notice within 10 days of filing a Notice of Default in California. This usually happens once you are 90 days late on your mortgage. Once you are officially in default on your loan, a Notice of Default will be filed with the court by your lender. If you exercise this right, the meeting must be held within 14 days. The lender is also required to advise you that you have the right to request a meeting to learn ways to avoid foreclosure. Your lender cannot begin foreclosure until at least 30 days after the initial contact or after doing their due diligence to contact you. Your lender is required to contact you and anyone else on the loan to assess your finances and explore your options before foreclosure can even begin.

The first step of foreclosure in California happens when you miss a payment. A foreclosure defense law firm in California can help you explore your options to stop the foreclosure or buy time to get out of default. If you are facing foreclosure, it’s important to understand that you do have options. Receiving the Notice of Default can throw your life into turmoil and leave you uncertain of what, if anything, you can do to stop the foreclosure and save your home. Notice of Default – California Foreclosureįacing the loss of your home can be a gut-wrenching experience.

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