| 1. MUST RECEIVE FROM BENEFICIARY (LENDER) A SIGNED DECLARATION OF DEFAULT (ORDER FORM) AND SUBSTITUTION OF TRUSTEE (IF NEEDED). ATTACH COPY OF NOTE, COPY OF DEED OF TRUST AND COPIES OF ALL ASSIGNMENTS AND OR MODIFICATIONS. 2. NOTICE OF DEFAULT PREPARED AND RECORDED. 3. TRUSTEE ORDERS TRUSTEE SALE GUARANTEE. A. SHOWS ALL WHO REQUESTED A NOTICE OF DEFAULT B. TRUSTEE OBTAINS EVIDENCE OF TITLE 4. 10- DAY NOTICE IS SENT BY CERTIFIED OR REGISTERED MAIL. 5. 30- DAY NOTICE IS SENT BY CERTIFIED OR REGISTERED MAIL. 6. THREE MONTH REINSTATEMENT WAITING PERIOD FROM THE RECORDING OF NOTICE OF DEFAULT. 7. AFTER THREE MONTH REINSTATEMENT WAITING PERIOD HAS EXPIRED NEED AUTHORIZATION TO PUBLISH AND NON-MILITARY AFFIDAVIT 9. PREPARE NOTICE OF SALE AND ORDER TSG UPDATE. 10. MAIL BY CERTIFIED OR REGISTERED MAIL COPIES OF THE NOTICE OF SALE. 11. MAIL NOTICE TO IRS (IF NECESSARY NO LATER THAN 25 DAYS PRIOR TO SALE) 12. RECORD NOTICE OF SALE. (NO LATER THAT 14 DAYS PRIOR TO SALE) 13. DAY BEFORE SALE NEED FROM BENEFICIARY (LENDER) COMPLETE BID INSTRUCTIONS AND TRUSTEE MUST ORDER TSG UPDATE. 14. CONDUCT SALE. PREPARE AND RECORD TRUSTEE'S DEED. |
| HOME | 858-270-7938 |
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| PROCESS |
| CUSTOMER SERVICE DESK |
| IMPORTANT INFORMATION FOR LENDERS |
There are certain steps that the
beneficiary (lender) should take to
protect their interest throughout the
foreclosure process
1. Hazard Insurance: Since the
subject property serves as the
collateral for your loan, it is crucial
for you to ensure the property is
fully insured, and that you are
named as an insured party.
2. Real Estate Taxes: If the
borrower is delinquent making
their payments to you, chances are
their taxes are also delinquent. It is
recommended that delinquent
taxes be brought current by the
foreclosing lender.
3. Senior Liens: If there are senior
liens ahead of you, it is your
responsibility to make sure they
are kept current;; failure to do so
will put your lien in jeopardy of
being wiped out if they foreclose.
4. Partial Payments: In almost all
cases, it is better to only accept full
payment from a delinquent
Borrower. If you do agree to any
partial payment they should sign a
forbearance agreement that
specifically states they are aware
that the payment made will not
stop the ongoing procedure.
beneficiary (lender) should take to
protect their interest throughout the
foreclosure process
1. Hazard Insurance: Since the
subject property serves as the
collateral for your loan, it is crucial
for you to ensure the property is
fully insured, and that you are
named as an insured party.
2. Real Estate Taxes: If the
borrower is delinquent making
their payments to you, chances are
their taxes are also delinquent. It is
recommended that delinquent
taxes be brought current by the
foreclosing lender.
3. Senior Liens: If there are senior
liens ahead of you, it is your
responsibility to make sure they
are kept current;; failure to do so
will put your lien in jeopardy of
being wiped out if they foreclose.
4. Partial Payments: In almost all
cases, it is better to only accept full
payment from a delinquent
Borrower. If you do agree to any
partial payment they should sign a
forbearance agreement that
specifically states they are aware
that the payment made will not
stop the ongoing procedure.
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| Any questions or comments please contact us at 858-270-7938/E-mail info@caltrustsvc.com |
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