Foreclosure Process
Information
A guide to
understanding the foreclosure process in
California
If you are like most homeowners we
have talked to, the foreclosure process is a bit
daunting. It is kind of the "F" word of home
ownership. We find that it's
simply a case where a little education can go a long
way to allaying any fears and taking control of your financial
situation. There are a lot of myths and misunderstandings about the whole
process. Most people think that they can rely on
what their lender, agent or some other trusted source
tells them about the subject. Fact is that as well
intentioned as some of those folks can
be, we have found most licensed real estate agents
and loan officers have only a rudimentry understanding of the
process at best.
The first thing you need to understand
is that there are actually two types of foreclosure
processes in use in the US.
-
Judicial
Foreclosure
-
Trustee's
Sale
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