Comments on: Earth To Jonna http://www.brokencredit.com/earth-to-jonna/ Credit Report, Mortgage Loan, Loan Modification, Short Sale, Foreclosure Thu, 09 Sep 2010 19:10:42 -0700 hourly 1 http://wordpress.org/?v=3.0 By: Paul http://www.brokencredit.com/earth-to-jonna/#comment-54 Paul Sun, 11 Jan 2009 06:05:01 +0000 http://www.brokencredit.com/?p=2136#comment-54 California is predominatly foreclosure through power of sale. There are two notices - a notice of default and notice of sale. The amount of notice required for a NOD is three months and for a NOS it is twenty-days. The NOD must be filed in the County where the property is located and should contain the following: (1) identify the mortgagee (2) nature of the breach (3) election to sell to satisfy the obligation (4) if curable The NOS will specify the time and place of the sale and the total amount due and it should be posted in a conspicuous place on the property (probably on the front door) twenty days before the sale. You should also receive these via snail mail. And I still think you should talk to a HUD Counselor. California is predominatly foreclosure through power of sale.

There are two notices – a notice of default and notice of sale.

The amount of notice required for a NOD is three months and for a NOS it is twenty-days.

The NOD must be filed in the County where the property is located and should contain the following:

(1) identify the mortgagee
(2) nature of the breach
(3) election to sell to satisfy the obligation
(4) if curable

The NOS will specify the time and place of the sale and the total amount due and it should be posted in a conspicuous place on the property (probably on the front door) twenty days before the sale.

You should also receive these via snail mail.

And I still think you should talk to a HUD Counselor.

]]> By: Jonna http://www.brokencredit.com/earth-to-jonna/#comment-53 Jonna Sun, 11 Jan 2009 05:47:48 +0000 http://www.brokencredit.com/?p=2136#comment-53 Hi--me again, I live in California. Is there a special form that I have to get and does it have to state certain things? I'm scared to call my lender because maybe they'll speed up kicking me out and I have a little boy. I want to know what to look out for. If there is something wrong with the form, can I ask for more time? Hi–me again,

I live in California. Is there a special form that I have to get and does it have to state certain things? I’m scared to call my lender because maybe they’ll speed up kicking me out and I have a little boy.

I want to know what to look out for. If there is something wrong with the form, can I ask for more time?

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