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Does California Real Estate law allow the homeowner to cure ...
Sent to Legal Experts May 21 11:53 PM

Does California Real Estate law allow the homeowner to cure the loan prior to the foreclosure sale? My sale is set for June 11 but I will have the money prior to that to cure the loan and fees and penalties. If not, what are my other options besides selling the property? Thanks.

Customer (name blocked for privacy)
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May 22 12:24 AM (30 minutes and 57 seconds later)
         
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May 22 10:19 AM (9 hours and 54 minutes and 56 seconds later)
         
I received a Notice of Trustee's sale from what appears to be a law firm. Does this mean it's non-judicial? Thanks.
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May 22 11:00 AM (13 minutes and 16 seconds later)
         
Not that I am aware of. I will double check through all my mail. This was all caused by another property that I owned that the General Contractor failed to perform. He also failed to pay the subs, so I have lots of mail from lots of people asking me to pay them, sue me, etc.... As a result of his failure, I already had that property foreclosed since the GC kept the money I paid him. When you're broke, you're literally a duck on the water for all the hunters.
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May 22 11:12 AM (11 minutes and 38 seconds later)
         
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Thank you for your response.

Most likely this was a non-judicial sale as there was never a hearing and these are most common. If so, then you have the five days to reinstate before the sale as stated. You may want to contact the lender to make sure this is a non-judicial sale. Your paperwork should also stated that you have five days before the sale to reinstate (pay what you owe) or information on what to do to make yourself current.

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