Overview of the Types of Foreclosure in California

In most cases of non-judicial foreclosure in California

, the lenders give up their rights to collect a deficiency judgment against the borrower. Lenders simply prefer non-judicial foreclosure because of the minimal costs and expedited time frame. Non-judicial California foreclosure sales are typically postponed for at least once for various reasons, but they can be postponed up to a year based on specific postponement reasons. However, there is an expedited time frame of 111 days in California for non judicial foreclosures. In a non-judicial foreclosure, the borrower does not have the right of redemption after the auction.

Overview of the Types of Foreclosure in California

By: Sean Crosier

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