The Clerk of Magistrate Court provides forms required for filing a Personal Property Foreclosure. Personal Property Foreclosures Forms. Forms.The California foreclosure timeline officially begins when the bank records a Notice of Default in the county where the property is located. Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings. Business inventory is personal property but is 100 percent exempt from taxation. Download, edit, autofill multiple forms at once in MS Word using our Forms Workflow Ribbon. When you take out a home loan, you sign either a mortgage or deed of trust, which creates a lien on the property. Foreclosure occurs when a lender seeks to seize the property used as collateral for a loan due to failure to pay. The clerk will process your paperwork.
