A Typical Foreclosure Timeline in California

The trigger point in California for a lender to begin the foreclosure process typically occurs after a borrower has missed three payments.  California is a Deed of Trust state and the lender contacts the Trustee and instructs them to file a Notice of Default.

Within 10 Business Days

The Trustee mails the Notice of Default to the borrower and anyone who has filed a Special Request for Notice.

Within 1 Month

Mail Notice of Default to all parties with an interest in title.

After 3 Months

Set the sale date.

25 Days Prior to Sale Date

Send notice of Sale to IRS

20 Days Prior to Sale Date

Publish the Notice of Sale, Post Notice of Sale, Mail Notice of Sale, Begin Publishing Notice of Sale in an adjudicated newspaper (must run 3 consecutive weeks).

14 Days Prior to Sale Date

Record the Notice of Sale with the County Recorders Office.

7 Days Prior to Sale Date

The Trustee cannot sell for 7 days after expiration of bankruptcy court order.

5 Days Prior to Sale Date

The borrower's right to reinstate expires.

Sale Date

The property is sold to the highest bidder or reverts back to the lender.

Notice of Defaults and Foreclosures are still rare in Davis but are seen more often in Woodland and West Sacramento.  The best course of action to avoid foreclosure is to keep a clear line of communication going with the lender before the loan gets to the Notice of Default stage. 

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