The Notice of Default tells you the total amount you owe including missed payments and foreclosure fees. Learn how the California foreclosure process works, including preforeclosure steps, foreclosure procedures, and homeowners rights.To sum up, I am writing this letter to inform you that I wish to foreclose the loan. Moreover, my loan ID is xxxxx and I opted for (no. In this guide, we'll explain the process and timing for lenders to complete a foreclosure in the state of California. The California foreclosure timeline officially begins when the bank records a Notice of Default in the county where the property is located. In a D.O.T. there will are three parties involved, a Beneficiary (the Grantor or Lender, e.g. This guide has basic information about. Under California law, you may reinstate the loan at any time up until five business days before the sale date. (Cal. Civ. Code § 2924c (2024).).
