Foreclosure Timeline
- California Foreclosure Law
- Civil Code 2924
Foreclosure Timeline
- Record Notice of Default - Day 1
- Mail Notice of Default - Within 10 business days of recording Notice of Default
- Post, publish or serve Notice of Default, when necessary
- Mail Notice of Default - Within one month of recording Notice of Default
- Set Sale Date - After three months of recording Notice of Default
- Send Notice of Sale to IRS, when necessary - 25 days before sale date
- Publish Notice of Sale - 20 days before sale date
- Post Notice of Sale - 20 days before sale date
- Mail Notice of Sale - 20 days before sale date
- Request for directions to property sent to requesting bidders - within 10 days from 1st publication notice of sale
- Record Notice of Sale - 14 days before sale date
- Trustee cannot sell for 7 days after expiration of court order - 7 days before sale date
- Right to reinstate - 5 business days before sale date
- Property sold at Sale - Sale date
Property that fails to be sold at a Trustee Sale goes back to the bank and becomes REO - Bank-Owned. All liens against the property or any unpaid taxes or fees are settled once a property becomes an REO.
Call today for more information about buying an REO property! 1-800-972-1822.
Kathleen Daniels, Broker Realtor and Foreclosure/REO Expert
Copyright © 2008, All Rights Reserved by Kathleen Daniels *California Foreclosure Law ~ Foreclosure Timeline*
Comments (9)Subscribe to CommentsComment