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California Foreclosure law

HomeCalifornia ForeclosureCalifornia Foreclosure law
California Foreclosure law
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Lenders in California can appeal for foreclosure of a property through judicial or non-judicial foreclosure.

  • If the Deed of Trust or Mortgage does not have a power of sale clause, the judicial foreclosure will be opted for by default.
  • After the Post declaration of the foreclosure, the court will auction and sell the property to the highest bidder.
  • Non-judicial foreclosure is applicable only where the primary security instruments contain a power of sale clause.
  • In such a foreclosure, the borrower has to pre-authorize property sale against their dues pending settlement to the lender.

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