Title: What Happens If You Receive a Foreclosure Notice? | Home Guides | SF Gate
Headings: What Happens If You Receive a Foreclosure Notice?
What Happens If You Receive a Foreclosure Notice?
A Last Chance
The Lawsuit
Get the Best Mortgage Rate for You
Another Letter
The Sale
Eviction
Nonjudicial Foreclosure

Content: If it doesn't sell, then your lender becomes the new owner, Nolo states. Up until that moment, you're still the legal owner. It will usually take at least 3 months after notification before the house is sold, more if you fought the foreclosure action. Eviction
If the property is your personal home, you can continue living there until you receive an eviction notice, even after the sale. If the new owner doesn't ask for rent, you don't even have to pay to stay there. Once you get the notice, events will follow according to the eviction laws of your state. Nonjudicial Foreclosure
In many states, such as California, lenders use deeds of trust, rather than a mortgage, to secure their claim on the house. If your lender has a deed of trust, it doesn't have to go to court to foreclose, and the whole process takes much less time. ‒‒:‒‒
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References
Nolo: How Foreclosure Works
Nolo: