California Notice of Default - Flowchart / Timeline
Day 1: Notice of Default is recorded
Within 10 Business Days : Notice of Default mailed to trustors and Special Requests for Notice
Within 1 Month from date of recordation of the NOD : Mail Notice of Default Trustor to all required parties under 29246 (c) (2)
After 3 months : Trustee's sale date can be set
25 days prior to sale date: Notice to IRS must be given if required
20 days prior to sale date : -- Publish Notice of Sale in local paper at least once each week for 3 consecutive weeks with the first date of publication at least 20 days before date of sale. -- Post Notice of Sale. -- Mail Notice of Sale to all parties who were sent the NOD - including any state agency
Within 10 days from 1st publication Notice: Request for directions of property sent to beneficiary (if no known designated property address)
14 days prior to sale date : Record Notice of Sale at County Recorders Office
7 days prior to sale date : Trustee cannot sell for 7 days after expiration of court order
5 business days prior to sale : Right of borrower to reinstate ends
Repossession : At approximately 120 days bank repossesses property. Owners must vacate premises by eviction date.
Sale date : Public Auction, approximately 120 days from mail/post date of Notice of Default, where property may be sold to highest bidder.
For Sale: Homes not sold at Auction are put on the market (MLS) and sold at Bank/Market price.
Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hearby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Database last updated 6/23/08.