What type of notice is required before a foreclosure sale?

In California, a homeowner must receive written notification in the form of a Notice of Default or Notice of Sale before a foreclosure sale can take place. A Notice of Default is a formal letter from the lender to the borrower stating that the borrower has not been paying their loan payments on time according to the terms of their loan agreement. It also serves to inform the borrower that the lender may proceed with the foreclosure process if payments continue to be missed. A Notice of Sale is a separate document that is mailed to the homeowner when the foreclosure process has been completed. It states that the lender will auction off the property at a specific date and time. The Notice of Sale must include the date, time and place of the sale, and must also be published in a local newspaper and/or posted at the courthouse. The notices are sent via registered mail and must include an Application for Subordinate Liens, which lets a homeowner know if there are any other claims against the property that must be resolved prior to the foreclosure sale taking place. The notices must also include a “Right to Reinstatement” which gives a homeowner the opportunity to reinstate the loan by paying the past-due payments. These notices are extremely important for homeowners in California, as they serve as formal notification of the foreclosure process, and give homeowners the opportunity to take action to avoid foreclosure. They also provide information that homeowners may need to make an informed decision about the foreclosure process.

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What type of notice is required before a foreclosure sale?

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