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The Foreclosure Process

Foreclosure Timing

A Foreclosure Scenerio

Foreclosure Consequences

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Robert L. Evans.
All rights reserved.

Foreclosure Timing
The following is an outline of the steps required to properly process a foreclosure within the state of California. We created this page to illustrate the steps involved in the foreclosure process and more importantly show the short length of the process. Once a foreclosure action is started it really only takes a matter of months for the process to be completed.


Day One
  • Record Notice of Default
Within 10 Business Days
  • Mail and Publish the Notice of Default
Within 1 Month
  • Mail Notice of Default a Second Time
After 3 Months
  • Set Sale Date
 
25 Days Before Sale Date
  • Send Notice Of Sale To IRS - (when necessary)
Within 10 Days From 1st Publication Of Notice Of Sale
  • Send Beneficiary Request For Property Directions
14 Days Before Sale Date
  • Record Notice of Sale
7 Days Before Sale Date
  • If court action the 7 day rule may apply
5 Business Days Before Sale Date
  • Right to re-instate the loan expires
Sale Date
  • Property is Sold to the highest bidder at a public auction
   

If you are an owner in foreclosure contact us for a FREE Consultation to find out more.


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