Let the experts at Advantage Trustee guide you through the complete non-judicial foreclosure process in California. To begin,
follow the simple steps outlined below.
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Complete a Declaration of Default and an
Substitution of Trustee (if needed). Attach a copy of the Note, a copy of
the Deed of Trust and copies of all Assignments and/or Modifications, and fax it to 631.870.1010 or mail it to:
Advantage Trustee
17 E. Sir Francis Drake Boulevard, Suite 200
Larkspur, CA 94939
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Once the above is received, a Notice of Default is prepared by Advantage Trustee and recorded, and the Notice of Default is published.
This begins the 90-day Reinstatement Period, during which time the borrower can bring their account current.
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Ten days from the start of the Reinstatement Period, the Notice of Default is sent via certified or registered mail to the borrower(s) and junior lien holder(s).
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30 days from the start of the Reinstatement Period, the Notice of Default is again sent via certified or registered mail to the borrower(s) and junior lien holder(s).
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If the default account has been cured within the Reinstatement Period, Advantage Trustee will prepare a Notice of Rescission.
Once recorded, this notice will cancel the Notice of Default.
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If the default has not been cured, the lender will notify Advantage Trustee to record a Notice of Trustee Sale, and a sale date can be set.
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25 days before the sale date, Advantage Trustee will send the Notice of Sale via certified or registered mail to the IRS. Advantage Trustee will also publish
the Notice of Sale, and will post the Notice on the property.
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20 days before the sale date, Advantage Trustee will record the Notice of Trustee Sale.
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After the sale is completed, Advantage Trustee will issue a Trustee’s Deed if necessary, assigning ownership of the property to the lender.
This information is provided for reference and educational purposes only and is not to be construed as legal advice.
