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How much longer do you have for a notice of trustee sale after a notice of default and election to sell under deed of trust has been filed?
The answer to this question can vary by state. In California where non-judicial foreclosures constitute the majority of foreclosure types, a notice of trustees sale maybe filed 90 days after the notice of default was filed. The sale date is generally then set 21 to 30 days from the date the notice of sale is filed. Once the home is publicly auctioned, it becomes the property of the highest bidder or if there is no bidder it reverts to the lender. The owner or lender then must initiate eviction. Depending on the tenants intentions and knowledge of the eviction process, this can take 30 to 120 days.
What else can I help you with?
What is first preforeclosure or foreclosure?
Pre-Foreclosure is a term the banks use internally to track the property's status. Essentially, what it means is that the home has already gone into default and a Notice of Default has been recorded. Pre-foreclosure is the time between the NOD filing and the Filing of the Notice of Trustee Sale.
What is a Notice of Rescission of Declaration of Default and Demand for Sale and Notice of Default?
A Notice of Rescission of Declaration of Default is a mortgage loan that was once in default, and a notice of default would mean that the loans are still currently foreclosed in a way.
What does default notice not entered mean?
What is next after notice of default is entered
What is Notice of default and election to sell under deed of trust?
A Notice of Default and Election to Sell under a deed of trust is a formal notification issued by a lender when a borrower fails to meet their mortgage obligations, such as missing payments. This document initiates the foreclosure process, informing the borrower of the default and the lender's intention to sell the property to recover the outstanding debt. It typically includes details about the default, the amount owed, and the timeline for the foreclosure proceedings. This notice serves as a critical step in protecting the lender's rights while giving the borrower an opportunity to rectify the default or prepare for potential foreclosure.
What does N.O.T.S. stand for?
Notice of trustee sale
What does the term notice of default mean?
A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.
What is substitution of trustee?
Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.
What is NOD in a foreclosure notice?
NOD stands for "Notice of Default".
What is the foreclosure procedures in California?
Day 1Record "Notice of Default"Within 10 DaysWithin 10 days of recording the Notice of Default, copies of the recorded document (NOD) are mailed to the Trustor(s) and anyone requesting Special Notice.Within 1 MonthNotice of Default is mailed to parties, pursuant to California Civil Code 2924(c)After 3 MonthsAt the end of 3-month, prepublication period, the Lender can then instruct the Trustee to set a sale date.25 Days Prior to Sale DateNotice to the IRS must be given, if requiredAt Least 20 Days Prior to Sale DatePublish Notice of Sale, post Notice of Sale, mail Notice of SaleWithin 10 Days from first publication of Notice of SaleSend beneficiary request for property directions14 Days Prior to SaleRecord Notice of Trustee's Sale5 Business Days Before Sale DateRight to Reinstate expiresSale DateProperty is sold to highest bidder
How many days notice needed for Homeowners association election?
Your governing documents are specific about the notice period, notice methodology and notice contents for any association election. There is no standard.
How long does a default notice last?
depends on what it is
Notice of Rescission of Declaration of Default and Demand For Sale and of Notice of Default What does the above notice which was recorded by the county clerk on 5 20 2009 mean to me the home owner?
A written document that cancels or annuls the effect of a notice of default when a default has been cured (reinstated). This document does not require the acknowledgment of a notary public, but must be recorded with the county recorder in the county in which the property is located.
