California Law

Quick Facts
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: Yes
- Primary Security Instruments: Deed of Trust, Mortgage
- Timeline: Varies by Process: Typically 120 days
- Right of Redemption: Varies
- Deficiency Judgments Allowed: Varies

Alerts:

7/9/08 – A new California law requires mortgage lenders to contact buyers before starting the foreclosure process to give homeowners some advance warning and time to modify bad loans before losing their homes. The California Labor Federation says the new law provides some immediate protection for those who need it and will be a first step to helping homeowners. California’s governor signed the bill on Tuesday, 7/8/08.