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The Notice of Default
Time Period
This time period begins once the notice
of default has been recorded.
The California Civil Code
requires that a copy of the notice of default be mailed within 10
days of its recording to all persons who are entitled to notice.
This includes the original trustor at the address shown on the deed
of trust, at his / her last known address and to anyone else who has
recorded a request for notice. The civil code also requires that a
copy of the notice of default be mailed to certain entitled parties,
such as junior lien holders, within one month of the notices
recording. All mailings to the trustors and new owners are sent by
certified and first class mail.
A Trustees Sale Guarantee
(TSG) will be ordered from a title company at the time the Notice of
Default is recorded. The TSG provides the information needed to
proceed with the trustee's sale process and guarantees the accuracy
of that information to the trustee and beneficiary only.
The
property owner, or a junior lien holder, may cure the default by
paying all delinquent amounts, including all costs associated with
the filing of the default. This may be done at any time up to five
business days before the scheduled sale date which is set in the
publication period.
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