Facing Foreclosure in California? Here Are Your Options

You Have More Options Than You Think

Receiving a Notice of Default is terrifying. But in California, you have significant protections and multiple paths forward. The key is acting fast — every day matters.

Understanding California's Foreclosure Timeline

California primarily uses non-judicial foreclosure, which follows this timeline:

1. **Missed Payments (Day 1-90):** Your lender contacts you about missed payments
2. **Notice of Default (Day 90+):** Filed with the county recorder. You have 90 days to cure
3. **Notice of Trustee's Sale (Day 180+):** Published 20 days before the auction
4. **Trustee's Sale (Day 200+):** Your home is sold at public auction

Total timeline: Approximately 200+ days from first missed payment to sale.

This means you have time — but you must act now.

Option 1: Reinstatement

Pay all missed payments plus fees to bring your loan current. This is the simplest solution if you have access to the funds.

Best for: Homeowners who experienced a temporary financial hardship (job loss, medical bills) but are now back on track.

Option 2: Loan Modification

Work with your lender to modify your loan terms — lower interest rate, extended term, or reduced principal.

Best for: Homeowners who can make reduced payments but not the original amount. Apply through your lender or a HUD-approved counseling agency.

Option 3: Short Sale

Sell your home for less than what you owe with your lender's approval.

Best for: Homeowners who are underwater (owe more than the home is worth). Requires lender approval, which can take 2-4 months.

Option 4: Sell for Cash Before the Auction

This is often the fastest and most effective option. A cash buyer like Fellow Homes can close in as little as 14 days — well within your foreclosure timeline.

Benefits: - Close before the auction date - Walk away with remaining equity - Protect your credit from a foreclosure record - No repairs, fees, or commissions - Dignified, private transaction

Don't Wait Until It's Too Late

Every day you wait reduces your options. If you're facing foreclosure in California, call Fellow Homes at 310-845-6551 today. We've helped dozens of homeowners avoid foreclosure and walk away with cash in hand.