Judicial Foreclosure Available: Yes
Non-Judicial Foreclosure Available: Yes
Primary Security Instrument: Deed of Trust, Mortgage
Timeline: Varies
Right of Redemption: Yes
Deficiency Judgments Allowed: Yes
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| 30 days-first late payment 60 days- legal letters begin to arrive, some may come from an attorney's office. This IS NOT the start of foreclosure, just a warning. 90 days- NOD (notice of default) is recorded. Certified letter will be sent. the letter will either say NOD or substitution of trustee. 150 days a notice of sale will be posted. It will state the date of the foreclosure sale. It will be mailed certified mail and posted on the home. 180 days the home goes to sale. If sold at auction its processed by the servicer. If not it goes REO and is reverted back to the bank or investor on the note. |
