is there a time limit on when abank must foreclose after notice of sale has been set

Submitted by steve from CA - 09/03/2010 - 4:32pm

what is the time limit after notice of sale has been recorded that bank must foreclose

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Submitted by Michelle - 09/04/2010 - 6:24pm

Hi Steve,
The bank does not have to foreclose and under the CA non-judicial foreclosure timeline they can postpone a sale for up to one year (postponing it each month without having to refile a new notice) before they have to cancel that Notice of Trustee Sale and file a new one. The Notice of Sale expires after one year. For more information on this topic and why banks are delaying sales you can read our blog post Foreclosure Roulette http://www.foreclosuretruth.com/blog/sean/foreclosure-roulette/

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