The following time-line is applicable for non-judicial California Foreclosures under a Deed of Trust. Foreclosures begin with the Trustor (borrower) not making the monthly payments to the Beneficiary (Lender), the first missed payment is technical default, but in practical terms, most Beneficiaries do not begin the process until the third payment is missed. If the Beneficiary cannot resolve the defaulted payment amount with the Trustor through Forbearance or other Loss Mitigation measures, the Beneficiary will instruct the Trustee to begin Foreclosure proceedings.
Day 1
Record Notice of Default
Within 10 business days
Mail and publish Notice of Default
Within 1 month
Mail Notice of Default
After 3 months
Set sale date
25 days before sale date
Send notice of sale to I.R.S.(when necessary)
Within 10 days from 1st publication
Send beneficiary request for property directions
14 days before sale date
Record Notice of Sale
7 days before sale date
If court action, 7day rule may apply
5 business days before sale date
Expiration of right to re-instate the loan
Sale date
Property is sold to highest bidder at public auction
If you are interested in a short sale please go to www.remaxann.com
Short Sale your property before considering Bankruptcy
RE/MAX Homes & Estates
Short Sale | Pre-Foreclosure Division
Inform yourself of all the possible options before you may or may not consider bankruptcy. The consultation is absolutely free and confidential.
Again, educate yourself of all of the possible pros and cons. Then you may choose the best options that will optimize your benefits for both you and your family.
My name is Ann and I'm here to help...
For answers to some of your questions you may access my website
I have processed over 70 short sale listing nationwide with in the last year.
Contact Ann for help. You have options.
Items needed from seller in a short sale
2 MOST RECENT BANK STATEMENTS
ONE OR TWO YEARS TAX RETURNS
ONE MONTH OF RECENT PAY STUBS
AUTHORIZATION LETTER
HARDSHIP LETTER
FINANCIAL WORK SHEET
TIME AND PATIENCE
Call the lender, they may need more items for your package. Ex, application, disclosures, explanation letters and some lenders require less.
www.remaxann.com your ORANGE COUNTY Short Sale Realtor
We have processed over 70 short sales in the last year. Please call or e-mail me for a free consultation.
CALIFORNIA SHORT SALE REALTOR
List you home with Ann Urias at (714) 588-7676
Facing Foreclosure?
Missed a couple of house payments?
NO EQUITY????
Whatever you do DON'T GIVE UP and let the bank take back the house!!!
Does not matter if you are upside down in the house and have no equity!
We specialize in SHORT SALES where the bank will take a discounted settlement.
We ARE experts, and this will put you in a much better situation all around.
FREE Consultation. We can only help you.
DO YOU HAVE MORE QUESTIONS BUT YOU'RE NOT READY TO CALL YET?
Please review our Short sale Q & A section at www.remaxann.com
We have a 94% success rate and we do not outsource any of our short sales. All processing is done by an experienced short sale specialist.
Benefits include:
**** Your credit won't be as damaged,
**** You maybe able to stay in the house longer,
**** Your lender will pay the commission and closings costs of the sale.
**** We handle ALL the paperwork that is required.
**** You sit back and relax.
ORANGE COUNTY SHORT SALE REALTOR
DID YOU LIST YOU HOME WITH AN AGENT WHEN THE MARKET WAS BETTER?
DID YOU RECEIVE AN OFFER EARLY ON, THAT YOU DIDN'T TAKE, IN HOPES TO GET MORE?
DO YOU WISH YOU WOULD HAVE TAKEN THAT ORIGINAL OFFER?
DID YOU REDUCE YOUR PRICE A COUPLE TIME THEN YOU REACHED YOUR BREAK EVEN AMOUNT?
ARE YOU IN A POSITION WHERE YOU NEED TO COME UP WITH CASH YOU DO NOT HAVE AND YOU HAVE TO SELL YOUR HOME?
YOU ARE NOT ALONE...
This market downturn is affecting thousands of Orange County Real Estate owners. If you have a legitimate hardship (loan adjustment, reduced income, too much debt, divorce, can't refi, etc...) you may be able to short sale your home.
If you think a short sale may be the answer please visit our www.ReMaxAnn.com for more info.
If you would like a free consultation from an ORANGE COUNTY SHORT SALE SPECIALIST
Please Call Ann Urias at (714) 588-7676.
I have a 94% success rate and over 65 closed short sale transactions.
List with an experienced short sale Realtor.
Orange County Short Sale Realtor with experience in short selling, REO's, foreclosure, as well as conventional Real Estate transactions. I am here to help you on any of your Real Estate needs.
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