They Supply Business Hard Money Loans

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The sale date can't be earlier than three months and 20 days after the recording date of the notice of default. After three months expires (or up to five days prior), the foreclosing get together records a discover of sale and mails a duplicate to the borrowers a minimum of 20 days before the sale date. California is one of a few states which have a type of grace period constructed into the foreclosure process. The lender that desires to foreclose must personally contact (or meet the requirements for attempting to contact) borrowers to discover choices for avoiding foreclosure 30 days earlier than recording the notice of default. The discover of sale is also posted on the property, in a public place, and revealed in a newspaper. The foreclosing party then data a three-month discover of default in the county recorder's office and mails a copy to the borrowers inside ten business days following recordation.