Title: What Happens When Your House Is In Foreclosure? | Home Guides | SF Gate
Headings: What Happens When Your House Is In Foreclosure?
What Happens When Your House Is In Foreclosure?
History
Notice of Default
Get the Best Mortgage Rate for You
Trustee
Retention
Trustee's Sale
Eviction

Content: MB6759981

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Source: Mortech® & Brown Bag Media, LLC
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Trustee
When the lender initiates foreclosure, the lender will name a trustee to carry out the foreclosure process. The notice of default sent to you by the lender will identify the name, address and telephone number of the trustee. If you have questions or concerns about the foreclosure process, you should contact the trustee to have those questions answered. Most trustees are attorneys, title companies or departments of a bank or mortgage company. Retention
When the lender sends you a notice of default, this triggers a 90-day waiting term during which you have the right to redeem your mortgage.