Foreclosure Process In San Diego

Day 1 : Notice of Default is recorded

Within 10 Business Days: Notice of Default mailed to trustors and Special Requests for Notice

Within 1 Month from date of recordation of the NOD: Mail Notice of Default Trustor to all required parties under 29246 (c) (2)

After 3 months: Trustee’s sale date can be set

25 days prior to sale date: Notice to IRS must be given if required

20 days prior to sale date: — Publish Notice of Sale in local paper at least once each week for 3 consecutive weeks with the first date of publication at least 20 days before date of sale. — Post Notice of Sale. — Mail Notice of Sale to all parties who were sent the NOD – including any state agency

Within 10 days from 1st publication Notice: Request for directions of property sent to beneficiary (if no known designated property address)

14 days prior to sale date: Record Notice of Sale at County Recorders Office

7 days prior to sale date: Trustee cannot sell for 7 days after expiration of court order

5 business days prior to sale: Right of borrower to reinstate ends

Sale date: Public Auction, approximately 120 days from mail/post date of Notice of Default. Sold at Trustee’s Sale. Property is sold to highest bidder.