| Once
you stop making payment, it may take from 2
to more than 3 months for your lender to start
the foreclosure process. |
|
A
Lender file a notice of default to inform the
borrower of the default after contact the borrower
to access the borrower's financial situation
and explore options to avoid foreclosure. |
|
Lender
setting the date, time, and place to auction
the property. Up to 5 days before the trustee's
sale, the borrower may reinstate the loan
by paying missed payments and cost. And before
the auction, the borrower can redeem the property
by paying the entire debt plus cost. |
Real
Estate & Insurance Services 
