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What Is The Foreclosure Timeline

Title Related Foreclusure Terms & Timeline

TRUST DEED:  A contract by which property is made security for the payment of a debt or obligation without a change of possession; a lien against property.

NOTICE OF DEFAULT:  Document filed by trustee as first step of foreclosure process.

TRUSTEES SALE:  Public Auction

TRUSTEES DEED:  Document conveying ownership of a property.

We are often asked what is the time frame for a foreclosed property.  Below is a detailed series of events that occur when a property is heading for foreclosure.

By courtsey of Brian Olenik, Corinthian Title