The following time-line is applicable for California Non-Judicial Foreclosures under a deed of trust. Foreclosures begin when the Trustor (borrower) does not make the monthly payment to the Beneficiary (Lender).
The first missed payment is a technical default, but in practical terms, most Beneficiaries do not begin the process until the third payment is missed.
If the Beneficiary cannot resolve the defaulted payment amount with the Trustor through forbearance or other loss mitigation measures, the Beneficiary will instruct the Trustee to begin foreclosure proceedings.
Within 10 Days: Within 10 days of recording the Notice of Default, copies of the recorded document (NOD) are mailed to the Trustor(s) and anyone requesting Special Notice.
Within 1 Month: Notice of Default is mailed to parties, pursuant to California Civil Code 2924(c)
25 Days Prior to Sale: Notice to the IRS must be given, if required
At Least 20 Days Prior to Sale Date: Publish Notice of Sale, post Notice of Sale, mail Notice of Sale
Within 10 Days from first publication of Notice of Sale: Send beneficiary request for property directions
14 Days Prior to Sale: Record Notice of Trustee's Sale
5 Business Days Before Sale Date: Right to Reinstate expires
Sale Date: Property is sold to highest bidder or reverts to beneficiary