Chat with us, powered by LiveChat
top of page

What Is the Process of a Nonjudicial Foreclosure?


A nonjudicial foreclosure is a type of foreclosure that does not go through the court system. The foreclosure process begins when the borrower defaults on their loan and the lender sends a notice of default. The borrower then has a certain amount of time to cure the default, which is usually 30 days. If the borrower does not cure the default, the lender can then start the nonjudicial foreclosure process.


The first step in a nonjudicial foreclosure is for the lender to send a notice of sale to the borrower. This notice must be sent at least 20 days before the sale date. The notice will state the date, time, and location of the sale. It will also state that the property will be sold to the highest bidder.


The second step is for the lender to publish a notice of sale in a newspaper.






The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.



Our goal is to help you find a fresh start FASTER!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706







Comments


Featured Posts
Recent Posts
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
bottom of page