I get asked this question on a regular basis, and it depends on the lender and your situation. In most cases the lender will not start foreclosure proceedings until you are at least three months delinquent. There are specific steps your lender will have to take in order to foreclose. The first step is the lender records a Notice of Default. This starts the timeline and triggers a number of other steps in sequence. We’ve put together a California foreclosure timeline that explains each step and when it happens.
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You need to know all your options, so you can make the best decision for you.