|
Timeline |
Action |
|
Start (Day 1-3) |
Notice of Default recorded with County Recorder. |
|
Within 10 Business Days |
Trustee mails Notice of Default to borrower(s) and anyone with a Special
Request for Notice. |
|
Within 1 Month |
Mail Notice of Default to all parties with an interest in title. |
|
After 3 Months |
Set sale date. |
|
25 Days Prior to Sale Date |
Send Notice of Sale to IRS (if applicable). |
|
20 Days Prior to Sale Date |
Publish Notice of Sale.
Post Notice of Sale.
Mail Notice of Sale.
Begin publishing Notice of Sale in an adjudicated newspaper
(Must run 3 consecutive weeks). |
|
14 Days Prior to Sale Date |
Record the Notice of Sale with County Recorders Offi ce . |
|
7 Days Prior to Sale Date |
Trustee cannot sell for 7 days after expiration of bankruptcy court order. |
|
5 Business Days Prior to Sale date |
The borrower’s right to reinstate expires. |
|
Sale Date |
The property is sold to highest bidder or reverts back to lender. |