Time is of the essence in a foreclosure. So, it is important to know what to expect and what you can do during the process.
Once you receive a Notice of Default Recorded, the foreclosure timeline has officially begun. Meaning, you have approximately 120 days until your home is sold. It will either sell at auction or the bank will take ownership of your home. By the 90th day, a Notice of Trustee Sale is prepared and an auction date can be set as soon as 21 days later. At day 100, the Notice of Trustee Sale is published and approximately 2 weeks remain to cure default and stop the foreclosure.
Dealing with an upcoming foreclosure can be a daunting task. Fortunately, you do not have to do it alone! There are several options you can choose before your foreclosure is completed. Keep in mind, you can get help to stop the auction. Make sure you call a professional within the first 100 days. Schedule an appointment today for more information.