It’s no news that foreclosures are on the rise in California. Danville, San Ramon, Pleasanton, Dublin and Walnut Creek are feeling the efeects of the increased foreclosure activity.

Can’t Make Your Mortgage Payment?
You’re NOT Alone

We can help. The absolute best thing a homeowner in trouble can do is: first – recognize YOU are not alone. Many people are finding themselves in the foreclosure process. The downturn in the housing industry is affecting many peoples lives – many people have lost their jobs as a result of the housing slowdown.

The rise in foreclosures is happening in all price ranges. It is not just first-time buyers that are in trouble with their mortgage. Homes above $2 million are also in the foreclosure process.

If you’re having trouble with your mortgage payment – contact your lender or real estate professional NOW. The sooner you take action, the better.

The bank does not want your property. Lenders are facing difficult times with the number of properties entering into default. Every home the bank owns effects their liquidity – they do not want your house, it ties up their capital reserves and they cannot sell it for what you paid for it.

Many lenders, like Countrywide, are starting to get more aggressive in their attempts to help homeowners stay in their homes. Do not give up or lose hope – contact a professional.

Foreclosure Process Timeline

Approximate minimum timeline for the foreclosure process in California.

• Day 1 – Notice of Default recorded
• Day 14 – Notice of Default – must be mailed to borrower 10 days after recordation
• Day 91 – Notice of Trustee’s Sale – recorded, published and mailed (lenders usually file 31 days before the sale because of an IRS notice requirement)
• Day 115 – Deadline to Cure Default (5 business days before the trustee’s sale)
• Day 122 – Trustees Sale (deadline to pay off loan is any time before the trustee’s sale begins)

Can’t Make Your Mortgage Payment?
You Are NOT Alone
Contact Us – We Can Help

(925) 984–4910