Upcoming Foreclosures

CA foreclosure laws?

My neighbors were busted about 8 weeks ago for cultivating over 236 marijuana plants. They moved out, but now it looks like they might be moving back in. At least until the Sheriffs Department comes to change the locks! Here is my California foreclosure question- when does someone actually enter into foreclosure? If these people make a payment one month, but not for 3 months and then make another payment and then skip again at what point will foreclosure kick in? It seems like an odd question. I know. I thought a person had to not make any payments for 120 days and then the home goes into foreclosure. But when I add a twist of making a payment here and there at what point does a foreclosure catch up? (Unless, of course they come up with all the cash in which case I know they can keep their home.) Thanks!

Public Comments

1. You are correct - if they make the full payment to bring their loan current, then the foreclosure proceedings stop. However, if they only make partial payments, the foreclosure proceedings continue until the amount in arrears is paid in full. If I remember correctly, that time frame in CA is 120 days from the notice of default until the notice of foreclosure sale is posted, and then another 60 days before it is sold at auction. This is true unless the bank works out a forbearance plan and restructures the loan -which banks are more and more often willing to do.