CALIFORNIA NON-JUDICIAL FORECLOSURE TIMELINE
Action
START
Lender (beneficiary) contacts borrower (trustor) and anyone else on the mortgage loan to request a meeting to avoid foreclosure. That meeting must be scheduled to take place within 14 days
30 days after contact
Trustee records Notice of Default
Within 10 business days
Notice of Default mailed to Beneficiary, Trustor (Borrower), and other parties of Record
90 days from NOD
Borrower to cure the default
90 days from NOD
Record Notice of Sale
21 days from NTS
Publish NTS for 3 consecutive weeks in newspaper.
Any person or institution has the right to redeem the home until foreclosure sale/auction and must pay the entire loan in full.
5 days before auction
Borrower to cure the default and stop the process
21 days after NTS
Trustee’s Sale: Property sold at a public auction
CONCLUDED
Trustee’s Deed is issued to the successful bidder.
If no one else bids, home goes to lender
3 days
New owner must serve a written notice to the borrower to move out in 3 days unless planning otherwise
The average time for completion of a California Non-Judicial Foreclosure process is approximately four (4) months from the date of the Notice of Default is recorded to the date of the Trustee’s Sale. Certain occurrences may serve to delay the Non-Judicial Foreclosure (e.g. Bankruptcy filing, Temporary Restraining Order, Mutual Agreement between the parties involved).
Timeframe Action
START
Lender (beneficiary) contacts borrower (trustor) and anyone else on the mortgage loan to request a meeting to avoid foreclosure. That meeting must be scheduled to take place within 14 days
30 days after contact
Trustee records Notice of Default
Within 10 business days
Notice of Default mailed to Beneficiary, Trustor (Borrower), and other parties of Record
90 days from NOD
Borrower to cure the default
90 days from NOD
Record Notice of Sale
21 days from NTS
Publish NTS for 3 consecutive weeks in newspaper.
Any person or institution has the right to redeem the home until foreclosure sale/auction and must pay the entire loan in full.
5 days before auction
Borrower to cure the default and stop the process
21 days after NTS
Trustee’s Sale: Property sold at a public auction
CONCLUDED
Trustee’s Deed is issued to the successful bidder.
If no one else bids, home goes to lender
3 days
New owner must serve a written notice to the borrower to move out in 3 days unless planning otherwise
The average time for completion of a California Non-Judicial Foreclosure process is approximately four (4) months from the date of the Notice of Default is recorded to the date of the Trustee’s Sale. Certain occurrences may serve to delay the Non-Judicial Foreclosure (e.g. Bankruptcy filing, Temporary Restraining Order, Mutual Agreement between the parties involved).