Since June 15, 2009, lenders in California who foreclose on defaulting homeowners have to give them an additional three months’ notice – beyond the current three months – before filing a notice of sale for the property.
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10 Tips on How to Avoid Foreclosure
If you’re unable to keep up with the mortgage payments on your home, there is a risk that your lender will foreclose on the loan.
Alternative Options When You’re Facing Foreclosure
In the current economy, more and more homeowners are having trouble making their monthly mortgage payments. The number of foreclosures is at a record high, and looks set to balloon over the next few years.