How much will the foreclosure cost?
The foreclosure process involves fees and costs associated with title for the Trustee's Sale Guarantee, recording with the County Recorder's Office, notary, posting and publishing the Notice of Sale, mailings and the Trustee's fee. The Trustee's fee is set by California Civil Code, but the costs of publishing the Notice of Sale vary widely across different cities and counties. To provide you with an estimate of the anticipated costs, at minimum, please let us know the city and county where the property is located and the principal balance of the loan. If you also email the Note and Deed of Trust we can provide you with a better estimate.
We are happy to provide you with an estimate. The fees and costs are due from the lender but may be a recoverable advance from the borrower upon loan reinstatement or payoff.
How do I get started?
Once you have an estimate and completed your due diligence, to get started with the foreclosure filing, we will need the Note, Deed of Trust, completed documents and an initial payment per the estimate.
Are you compliant with the California Homeowner Bill of Rights?
The California Homeowner Bill of Rights (HBOR) became law on 01/01/2013 and changed the way foreclosures are processed. Be prepared! We recommend you discuss all of the changes and applicable laws with your attorney and loan servicer prior to beginning any foreclosure proceeding. Please reference these informational links:
Homeowner Bill of Rights
HBOR Requirements Reference
Lender's Compliance with the Homeowner's Bill of Rights will be required on all foreclosures. We are not providing legal advice and are not a debt collector. We will rely on the information provided by the lender and the lender's servicer.
