Received Something From Us?

If so, you may be in default of your mortgage and heading towards a Notice of Default (NOD) or one may have already been filed on your home. The Notice of Default is filed by the lender when they begin the actual foreclosure process. Once the NOD has been filed you have only 120 days until the sale date of your home. Please see the foreclosure timeline below.

You received a note from us because we have helped many homeowners in the same situation who have avoided foreclosure through the process known as a “Short Sale.” A short sale is the process of selling your home for market value and negotiating with the lender to take less than what is currently owed on the property. Through the short sale of their home we have helped our clients save their credit and find a resolution to their problems.

The Notice of Default is public record so please be careful of people contacting you for a quick solution. Please review our options section to understand the possibility and ramification of each solution. The goal has to be to avoid foreclosure since it leaves you exposed for the lender to come back to you after the foreclosure in an effort to collect the balance of the debt. If you do a short sale and it closes escrow, the lender will not come after you later on.

Contact us for more information about doing a short sale on your home. We can help! 

Foreclosure Timeline for California:

Deliquency Period

You must be at least two months behind on your mortgage (either your first and/or second loan) before your lender will record Notice of Default (NOD).

Notice of Default Period

The Notice of Default period will last for a minimum of three months. The lender will try contacting you to remedy the situation. If unsuccessful in resolving the deliquency, your lender will have the trustee publish a Notice of Trustee Sale.

Trustee Sale Period

The Trustee's Sale can occur 20 days after the Notice of Trustee's Sale is posted on your home, published in a circulation and mailed to you.

Trustee's Deed

If your home goes to sale on the date published by the Trustee, either the highest bidder or foreclosing lien holder will be granted title to your home. At that time you no longer own your home.

Please note:

• You have the right to reinstate your loan up to five days prior to the Trustee Sale date.