Short Sale, Foreclosure and Strategic Default


Saturday, August 18, 2007

San Diego California Foreclosure Timeline

Foreclosure Timeline in San Diego and the rest of California.

Day 1 - Notice of Default (NOD) gets recorded

Within 10 Days - Notice of Default is mailed

30 Days - Notice of Default is mailed

3 months - Lender can have a sale date set by the Trustee

At least 20 days before sale - Publish, Post and mail notice sale.

25 Days before sale - Notification to IRS if necessary

10 Days after first notification - Send info to beneficiaries

The above is basic non judicial foreclosure timeline for California. Typically a lender waits for a few payments are missed, before commencing the foreclosure process, however there is no guarantee the lender will grant a homeowner extra time.

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