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Stop Trustee Sale Garden Grove
Tel : 323-730-3900 Tel : 323-533-5431
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The Foreclosure Procedure Includes Five (5) Events

Event 1: Missing a Single Payment - The foreclosure procedure may

begin when you miss a single monthly mortgage loan payment

(delinquency). A lender or its servicing agent is required to contact

the homeowner 30 days in advance if initiating foreclosure.

Event 2: Notice of Default (-NOD-) - The recording of the NOD

officially begins the foreclosure procedure. You will receive a copy

of the NOD by certified postage prepaid mail. After the NOD is

recorded, an initial minimum three month period is required to

provide you with the opportunity of curing the default and

reinstating your mortgage loan.

Event 3: End of the Initial Three Month Reinstatement or Cure

Period - Your lender can schedule the foreclosure sale of your

home.

Event 4: Notice of Sale (-NOS-) - The NOS is posted on your home

and published in an authorized newspaper of general circulation in

the jurisdiction where the foreclosure sale is to occur.

Event 5: Foreclosure Sale - When your home sells at the foreclosure

sale, the lender may elect to accept the sale proceeds as payment

in full.

Possible Alternatives or Options to Foreclosure

• Modify or restructure the terms and payment schedule of your

existing mortgage loan
• Refinance
• Pursue a short sale

Stop Trustee Sale Garden Grove
Tel : 323-730-3900 Tel : 323-533-5431
http://free-internet-marketing.com/?p...

Stop Trustee Sale Garden Grove