Los Angeles Foreclosure Time Line
How long does it take after you miss a mortgage payment before you lose your home?
Although, the lender can record a Notice of Default (N.O.D.) after just one missed payment, in Los Angeles County, most lenders are waiting three months. If your loan is not brought current in another three months, the lender will next record a Notice of Sale. This notice will include the time, place, and date your home will be sold, typically within 21 more days.
To Sum Up:
(generally) 3 months of missed payments = Notice of Default
3 additional months = Notice of Sale
21 days = Sale (foreclosure) date
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7/23/2008 7:00 AM
Los Angeles Real Estate Blog wrote:
Have a blighted home in your neighborhood? Perhaps the lawn hasn’t been mowed in months, the pool is green, there is debris all over the yard or it is just a mess. As of July 8, 2008, those that own have taken residential property back in foreclosure must (by law) maintain the exterior of the vacant property. Violations include: (1) allowing excessive foliage growth that diminishes the value of surrounding properties; (2) failing to take action against trespassers or squatters; (3) failing to take action to prevent mosquitoes from breeding in standing ... -
7/23/2008 7:58 AM
Los Angeles Real Estate Blog wrote:
Have a blighted home in your neighborhood? Perhaps the lawn hasn’t been mowed in months, the pool is green, there is debris all over the yard or it is just a mess. As of July 8, 2008, those that own residential property taken back in foreclosure must (by law) maintain the exterior of the vacant property. Violations include: (1) allowing excessive foliage growth that diminishes the value of surrounding properties; (2) failing to take action against trespassers or squatters; (3) failing to take action to prevent mosquitoes from breeding in standing water; ... -
10/2/2008 10:24 PM
foreclosure timeline wrote:
It has since been implemented in most other blogging tools.A Trackback is one of three types of Linkbacks, methods for Web authors to request -
10/8/2008 5:01 PM
Los Angeles Real Estate Blog wrote:
Are you a candidate for a loan modification? Are you currently behind in your mortgage payment? Has your mortgage payment increased or will it soon be increased? Has a notice of default been filed on your home? Are you facing a personal hardship? If you answered yes to any of these questions, you may qualify for a mortgage modification. I am not a lender and do not have any experience with mortgage modifications, but I have worked with Babak with Charter Pacific Lending Corp. for fifteen years and have always found him to be honest ...
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