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This collateral was used to mitigate risk.<br><br>The sale date cannot be earlier than three months and 20 days after the recording date of the notice of default. After three months expires (or up to 5 days prior), the foreclosing celebration data a notice of sale and mails a duplicate to the borrowers at the least 20 days before the sale date. California is one of some states that have a sort of grace period constructed into the foreclosure process. The lender that wishes to foreclose must personally contact (or meet the requirements for making an attempt to contact) borrowers to explore choices for avoiding foreclosure 30 days earlier than recording the discover of default. The notice of sale is also posted on the property, in a public place, and revealed in a newspaper. The foreclosing celebration then records a three-month notice of default within the county recorder's office and mails a replica to the borrowers within ten business days following recordation.<br>
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Version du 18 septembre 2021 à 21:30


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