You can Stop Foreclosure. When a homeowner stops making payments to the lender, the lender begins the foreclosure process. In San Diego and all of California, the foreclosure process is a non-judicial process and follows a series of steps and a timeline.
The foreclosure Process consists of the following steps:
- Borrower misses payments
- 60-90 days - Lender Files NOD
- 60-90 days - Lender files NOS
- 3-6 weeks - Lender Forecloses
The Foreclsoure Process can be longer or shorter, but time is of the Essence and you must know your options and execute a strategy to stop foreclosure. If you do nothing or procrastinate, the process will continue and you could end up losing your house, destroying your credit and owing money to the IRS and the Foreclosing Lender. You must act now - and act with expert knowledge.