Southern California Home Info
How Much Time Do I Have?
This is a good question as many think it is time to move when they get that Demand for payment letter from their lender.
On the letter there is usually a date of the letter. The Letter may state "Debt Validation Notice."
Your lender may have filed a "Notice of Default."
You can go to the county recorders office and verify if a Notice of Default has been filed.
You can also email us to verify if a "Notice of Default" has been Filed.
Harold@socalhomesrealestate.com Put in the subject line, "Has NOD been filed?
Put your address, city zip, and County in the body of the email.
How Much Time do I Have?
You have 111 days from the filing date of the NOD until the foreclosure process is usually completed.
After 90 days, and during the last 21 days you may receive a "Notice of Trustee Sale."
This is to notify you that in approx 21 days someone else may own your property in the near future.
It could be the bank or a private party who purchased you home at the trustee sale at the steps of the county where your property happens to be.
Before you leave or vacate the property, Make sure the property has changed hands. You are still responsible for the property while you own it. Not all Foreclosures transfer title on time.
Foreclosure is not your only option, nor is bankruptcy.
I am here to help you get out of this situation by helping you take control of your property.
Short sales is far better than foreclosure in most instances. Call me for e free 15 minute consultation.
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