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Legal for M

Legal for M

Ratings: (0)|Views: 87 |Likes:
Published by Jackie A Paulson
This is for a private matter for a friend, legal info
This is for a private matter for a friend, legal info

More info:

Published by: Jackie A Paulson on Sep 06, 2010
Copyright:Attribution Non-commercial


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http://www.courtinfo.ca.gov/forms/ http://www.courtinfo.ca.gov/cgi-bin/forms.cgi http://www.locatealawyer.com/directory/location/california/redlands/ http://www.ghs8.com/foreclosurelaw.html 
Foreclosure Law Summary
Quick Facts- Judicial Foreclosure Available:
 - Non-Judicial Foreclosure Available:
 - Primary Security Instruments:
Deed of Trust, Mortgage
 - Timeline:
Typically 120 days
 - Right of Redemption:
 - Deficiency Judgments Allowed:
In California, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
Judicial Foreclosure
 The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order toforeclose, is used when no power of sale is present in the mortgage or deed of trust.Generally, after the court declares a foreclosure, your home will be auctioned off to thehighest bidder.Using this type of foreclosure process, lenders may seek a deficiency judgment and undercertain circumstances, the borrower may have up to one (1) year to redeem the property.
Non-Judicial Foreclosure
 The non-judicial process of foreclosure is used when a power of sale clause exists in amortgage or deed of trust. A "power of sale" clause is the clause in a deed of trust ormortgage, in which the borrower pre-authorizes the sale of property to pay off the balanceon a loan in the event of their default. In deeds of trust or mortgages where a power of saleexists, the power given to the lender to sell the property may be executed by the lender ortheir representative, typically referred to as the trustee. Regulations for this type of foreclosure process are outlined below in the "Power of Sale Foreclosure Guidelines".
Power of Sale Foreclosure Guidelines
If the deed of trust or mortgage contains a power of sale clause and specifies the time,place and terms of sale, then the specified procedure must be followed. Otherwise, the non- judicial power of sale foreclosure is carried out as follows:1. A notice of sale must be: 1) recorded in the county where the property is located atleast fourteen (14) days prior to the sale; 2) mailed by certified, return receipt requested,to the borrower at least twenty (20) days before the sale; 3) posted on the property itself at
least twenty (20) days before the sale; and 4) posted in one (1) public place in the countywhere the property is to be sold.The notice of sale must contain the time and location of the foreclosure sale, as well as theproperty address, the trustee's name, address and phone number and a statement that theproperty will be sold at auction.2. The borrower has up until five days before the foreclosure sale to cure the default andstop the process.3. The sale may be held on any business day between the hours of 9:00 am and 5:00pm and must take place at the location specified in the notice of sale. The trustee mayrequire proof of the bidders ability to pay their full bid amount. Anyone may bid at the sale,which must be made at public auction to the highest bidder. If necessary, the sale may bepostponed by announcement at the time and location of the original foreclosure sale.Lenders may not seek a deficiency judgment after a non-judicial foreclosure sale and theborrower has no rights of redemption.
Martha, who served you the papers to make you leave your house? A sheriff? The Landlord?2.
What was that date?
Jackie, first of all I went to someone for a service, they pretended to providea service in which they paid themselves, for the service and stole my homefrom me. (can you prove it?) Do you have the name of this man or attywho Pretended to provide service? Paperwork will be Proof«4.
I was asked and I signed the quick claim deed that my ex-husband wasasked to sign so I would be able to take the loan under my name only, I waslied to about the terms of the loan, the monthly payments with theintentions to default on my home and gain the equity on my home.5.
SO, HOW DID YOU SIGN THIS FORM, IN atty office? Was ex hubbythere? How did they trick you? Do you have this paper work?6.
You will need all the names, addresses, and amounts with paperwork proof that they ripped you off«and we can investigate them«7.
We can get them all in trouble.8.
The attorney¶s who frauded you,,,, you can go to the California Bar Association«9.
at the time I refinance -my income was not even taking into considerationnor my credit scores, the only thing that was taken into consideration wasthe value of my home $343,000, my mortgage pay off was $38,000.
My credit scores @ 50011.
my income @ less that $2,000, new mortgage payment of $1,326.67 per month not including taxes and Insurance, according to the documents Ireceived 18 months later, I was placed on a balloon loan by the end of 5years I would of paid $240,000 that is crazy, If this terms would of beensaid to me I never would of sign any thing
Is this your company?Claim This Profile 
City Attorney,
City Of Redlands
 35 Cajon Street # 200Redlands, CA 92373-4746map 
Riverside-San Bernardino, CA Metro Area
 Phone:(909) 798-7595Website:www.cityofredlands.org*

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