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 require the involvement of a court. This type of foreclosure is often used when the borrower has given the lender permission to do so in the event that they default on their loan. The process of a nonjudicial foreclosure can vary depending on the state in which the property is located, but there are some general steps that are typically followed.


The first step in a nonjudicial foreclosure is for the lender to send a notice of default to the borrower. This notice informs the borrower that they have failed to make payments on their loan and that the lender intends to foreclose on their property. The borrower then has a certain amount of time, typically 30 days, to bring their loan current. If they are unable to do so, the next step is for the lender to file a notice of sale with the county recorder's office.





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 FAST!


Schedule your free consultation today! By Calling on the number 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