How Do You Stop Foreclosure In California?
The purpose of these instructions are to give you solid, factual information that will help you to make the best decision(s) for yourself, your family, and all those who may be affected by a home in foreclosure. Learn about the California Foreclosure Process and how it works: BELOW IS A TIMELINE OF THE FORECLOSURE PROCESS IN CALIFORNIA Step One, Day 0: The process begins when a lender files a Notice of Default with the county recorder identifying the default amount and the date the borrower must pay off the default. The notice is mailed to the borrower and other affected parties. Up to five business days before the trustee’s sale, the borrower may pay off the default plus any applicable costs of foreclosure and stop the foreclosure process. Ninety days after the notice of default is filed, the lender can schedule a trustee’s sale of the property. Step Two, Day 90: Ninety days after the Notice of Default is recorded, a Notice of Sale must be posted on the property and in one local publi
