Providing Homeowner’s Aid Through Tough Times. We are Real People, Providing Real Solutions since 2002. We believe “Everyone Deserves A Second Chance”!
STOP YOUR FORECLOSURE NOW!
We provide personalized foreclosure defense, with a solution for every scenerio.
Time is Your Enemy
If your house payments are more than a month or two behind, your lender has probably already started foreclosure proceedings. As time passes, thousands of dollars in penalties and legal fees can be added to your balance. In addition, every passing day, extra interest is added! The longer you wait, the harder it is for us to help you. To avoid this you must act quickly!
Timeline of the Foreclosure Process in California
In California, lenders typically foreclose on deeds of trust or mortgages using a nonjudicial foreclosure process. The California foreclosure process can last up to 200 days or longer. Day 1 begins when a payment is missed, at which point you are technically behind on your loan. Your loan is officially in default once you are 90 days behind and your lender files a notice of default. After 180 days, you’ll receive a notice of trustee sale if you have failed to bring your account current. About 21 days later, your bank can auction the property at the courthouse.
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Late Payments
If you can’t make your payment by the end of your grace period, it’s officially considered late. In the short term, this means you’ll pay a late fee. The amount of the fee depends on what type of loan you have. In some cases, the amount charged for late payments is also limited by state law.
Once you are officially in default on your loan, a Notice of Default will be filed with the court by your lender. This usually happens once you are 90 days late on your mortgage. Your lender is required to give you notice within 10 days of filing a Notice of Default in California.
Foreclosure Aid Group
We have been Providing Homeowner’s Aid through tough times. We are Real People, Providing Real Solutions since 2002. We believe “Everyone Deserves A Second Chance” our plans provide responsible homeowners with proven solutions to keep their Homes.
More Questions?
Visit our FAQ page for more common questions. Or call 877-AID-GROUP and set up a no-cost, no-obligation appointment today with one of our licensed Consultants to aid and assist you in the right direction that best works for you!
Day 1 starts when you miss your first payment to your lender.
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Notice of Default
The foreclosure process is defined by California civil code 2924 and begins with
the filing of a Notice of Default (NOD) with the county recorder.
A NOTICE OF DEFAULT (NOD) is sent after 90 days of missed payments. In some
states, the notice is placed prominently on the home. At this point, the loan will be
handed over to the lender’s foreclosure department in the same county where the
property is located. The borrower is informed that the notice will be recorded.
The lender will typically give the borrower another 90 days to settle the payments and
reinstate the loan. This is referred to as the “reinstatement period.
Reinstatement Period
After a Notice of Default has been filed the borrower will have at least 90 days to
reinstate. This typically includes paying off any and all past due amounts, along
with interest fees, property taxes, and insurance. During this period, the lender
may not take anything less than the full amount past due. To find out the total
amount past due you will need to order a reinstatement quote which will likely
include the following…
1. The Current and Past Due Payments.
2. All applicable late fees.
3. The cost of any property inspections.
4. The attorney/trustee fees and costs for the foreclosure procedure.
5. Other expenses incurred to preserve and protect the lender's interest in the
property.
6. Any additional recording fees that may be required.
Foreclosure Aid Group
We have been Providing Homeowner’s Aid through tough times. We are Real People,
Providing Real Solutions since 2002. We believe “Everyone Deserves A Second
Chance” our plans provide responsible homeowners with proven solutions to keep their Homes.
More Questions?
Visit our FAQ page for more common questions. Or call 877-AID-GROUP and set up a no-cost, no-obligation appointment today with one of our licensed Consultants to aid and assist you in the right direction that best works for you!
Your lender files a Notice of Default with the court announcing how much you are behind.
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Notice of Trustee Sale
If the borrower does not reinstate their account or obtain some other form of loan workout (such as a loan modification) the lender can authorize and instruct the Trustee to record the Notice of Trustee Sale (NTS). A Notice of Trustee Sale must be mailed by certified mail to the borrower, return receipt requested, 20 days before the foreclosure sale.
This notice has to be published in a local newspaper in the city where the property is located. The Notice of Trustee Sale is posted on the property as a requirement of law. If access to the property is restricted by means of a central guard gate, then the notice must be posted on the guard gate. Additionally, the Notice of Trustee Sales must be posted at a public place in the city where the property is to be sold at least 20 days prior to the sale. The borrower may reinstate the loan (bring it current) up to 5 days prior to the trustee sale.
Important Dates
- Public Notice of Sale – 20 Days Prior to Sale Date.
- Notice of Sale must be submitted to recorder’s office – 14 Days Prior to Sale Date.
- The borrower’s right to reinstate expires – 5 Days Prior to the Sale Date.
Foreclosure Aid Group
We have been Providing Homeowner’s Aid through tough times. We are Real People,
Providing Real Solutions since 2002. We believe “Everyone Deserves A Second
Chance” our plans provide responsible homeowners with proven solutions to keep their Homes.
More Questions?
Visit our FAQ page for more common questions. Or call 877-AID-GROUP and set up a no-cost, no-obligation appointment today with one of our licensed Consultants to aid and assist you in the right direction that best works for you!
Once you’ve received a Notice of Default, you have 3 months in which to attempt to bring the entire past due amount current.
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Auction Date
If the borrower does not reinstate their account or obtain some other form of loan
workout (such as a loan modification) the lender can authorize and instruct the
Trustee to record the Notice of Trustee Sale (NTS). A Notice of Trustee Sale
must be mailed by certified mail to the borrower, return receipt requested, 20 days
before the foreclosure sale.
This notice has to be published in a local newspaper in the city where the property
is located. The Notice of Trustee Sale is posted on the property as a requirement
of law. If access to the property is restricted by means of a central guard gate,
then the notice must be posted on the guard gate. Additionally, the Notice of
Trustee Sales must be posted at a public place in the city where the property is to
be sold at least 20 days prior to the sale. The borrower may reinstate the loan
(bring it current) up to 5 days prior to the trustee sale.
Important Dates
1. Public Notice of Sale – 20 Days Prior to Sale Date.
2. Notice of Sale must be submitted to the recorder’s office – 14 Days Prior to Sale
Date.
3. Borrower’s right to reinstate expires – 5 Days Prior to Sale Date.
Foreclosure Aid Group
We have been Providing Homeowner’s Aid through tough times. We are Real People, Providing Real Solutions since 2002. We believe “Everyone Deserves A Second Chance” our plans provide responsible homeowners with proven solutions to keep their Homes.
More Questions?
Visit our FAQ page for more common questions. Or call 877-AID-GROUP and set up a no-cost, no-obligation appointment today with one of our licensed Consultants to aid and assist you in the right direction that best works for you!
Your home will be auctioned at the courthouse to the highest bidder.
Some Ways We Can Help
We can arrange a new loan in the amount needed to bring your mortgage current.
Refinanace your existing mortgage balance with a new lender.
Sell your property at the highest price possible.
Purchase your porperty for cash in as little as 7 days!
Additional options to choose from! Call us today to see how we can help!