Substitution of Trustee After a Notice of Default - PDF - PDF by wma18059

VIEWS: 128 PAGES: 1

More Info
									                                   CALIFORNIA
                               FORECLOSURE TIMELINE
                               California Foreclosure Timeline - Civil Code Section 2924
  Timeframe                                             Action


Day 1               Record a Notice of Default *
Within 10 busi-     Mail a copy of the Notice of Default via Certified / Registered Mail and First
ness days of           Class Mail to the Trustor named on the Deed of Trust at last known address
Recording the          and to those with a recorded Request for Notice. Post on the property if
Notice of De-          there is no Request for Notice in the Deed of Trust.
fault
Within 1            Mail a copy of the Notice of Default via Certified / Registered Mail and First
month of re-           Class Mail to the successor in interest to Trustor; Junior lien holders and
cording the            their Assignees; Office of the Controller, Sacramento, CA if a “Notice of Lien
Notice of De-          for Postponed Property Taxes” has been recorded; Vendee’s and their
fault                  successor in interest of any contract for sale.
After 3 months      Post the Notice of Trustee Sale.
                    Mail a copy of the Notice of Trustee’s Sale via Certified / Registered and
                       First Class Mail to all persons who were required to receive a copy of the
                       Notice of Default.

25 days before      Send a copy of the Notice of Trustee’s Sale to the Internal Revenue Service
20 days before      Record the Notice of Trustee’s Sale*
the sale date
5 business          Expiration of the right to re-instate the loan.
days before
the sale date
Approximately       Sale Date
4 months


   *    If the Substitution of Trustee is required and not recorded at the time of the Notice of De-
        fault, the document must be recorded at or before recording of the Notice of Trustee’s Sale.
        In addition, a copy of the Substitution of Trustee along with an Affidavit of Mailing must be
        mailed to all persons who were entitled to a copy of the Notice of Default.



                                   Debbie Jackson—Manager
                        Old Republic Title Company—Foreclosure Division
                                 1000 Burnett Avenue, Suite 400
                                       Concord, CA 94520
                                      Office: 925-363-2226
                                        Fax: 925-798-3283
                               Email Address: debbiej@ortc.com

								
To top