October 27th, 2011 7:53 AM by Lehel S.
Review the latest California foreclosure trends, use our directory of California counties to see local foreclosure trends or search foreclosure listings for any City or ZIP code in the state. Our California housing and demographics data will help you understand the California real estate market. For more information on specific foreclosure properties, we recommend working with a local Realtor® that uses ForeclosureRadar.com, or subscribing to ForeclosureRadar.com, the professional's foreclosure service.
Start of foreclosure process. Initial notice recorded after borrower fails to meet the terms of their loan.CC 2924c.(a)(1)
Sets auction date. Can be recorded 3 months after Notice of DefaultCC 2924 c. (b)(1)
Initial auction date can be just 20 days after Notice of Trustees Sale is recorded.CC 2924 f. (b)(1)Auctions can postpone for up to one year.CC 2924 g. (c)(1)
More information on Postponement Reasons
Transfers property to winning bidder. By default this will be the lender if no bid higher than the lender's opening bid is received.CC 2924 h. (c)