NON-JUDICIAL TIMELINE:
CALENDAR After approx 90 days without borrower making a mortgage payment Start (day 1) Within 10 business days
DESCRIPTION Request to initiate foreclosure received by TD. Default documents prepared and sent for signature/recording (Substitution/Notice of Default). TSG ordered from title company. Notice Of Default recorded with County Recorder. Notice of Default and Important Notice are mailed to trustor/new owner on the Deed of Trust at the property address, address on Deed of Trust and any other adresses known to lender/trustee. Notice is also sent to any parties with a recorded Request for Notice as required under Section 2924 (b) (1). TSG is received and reviewed. Notice of Default mailed to all entitled parties with an interest in the property (ie, new owners/junior lien holders) as required under Section 2924 (b) (1). Notice of Trustee's Sale is prepared and sent for publication. Send Notice Of Sale to IRS (if applicable). Begin publishing Notice Of Sale in an adjudicated newspaper. (must run once a week for 3 consecutive weeks). Post the Notice of Sale on the property itself. Most posting services will photograph the posting location for your records. Mail Notice of Sale to the trustor and all other parties to which the Notice of Default was mailed as required under Section 2924 (b) (1). The Notice of Trustee's Sale is recorded in the County Recorder's office. The borrower's right to reinstate expires. The property sale is postponed to a new sale date or the property is sold to high bidder, or the property reverts to the foreclosing beneficiary.
Within 1 month
3 months after recordation of Notice of Default 25 days prior to Sale Date 20 days prior to Sale Date 20 days prior to Sale Date 20 days prior to Sale Date 14 days prior to Sale Date 5 days prior to Sale Date On sale Date
DISCLAIMER: Presentation of these timelines are for general purposes only. No information on this page is to be viewed as legal advice or as an official description of the judicial or non-judicial process. These times are general and are displayed strictly as a service to consumers. They are not intended to be all-inclusive or to cover default situations in all states. Consumers are advised to seek professional legal counsel in any default proceeding.
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