Other expenses incurred to preserve and protect the lender's interest in the property The attorney/trustee fees and costs for the foreclosure procedure To find out the total amount past due you will need to order a reinstatement quote which will likely include the following line items During this period they lender may not take anything less than the full amount past due. This typically includes paying off any and all past due amounts, along with interest fees, property taxes, and insurance. The lender will also provide notice to any junior lien holders on the property.Īfter a Notice of Default has been filed the borrower will have at least 90 days to reinstate. It will also provide the borrower with options to cure the default. Within 10 days, the lender will send registered or certified mail providing the borrower with notice of the recording. The Notice of Default give the borrower official statutory notice that the foreclosure process has started. Once a borrower is at least 90 days behind in making mortgage payments, the lender will file a Notice of Default with the court of the county where the property is located. The foreclosure process is defined by California civil code 2924 and begins with the filing of a Notice of Default (NOD) with the county recorder.
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