08/18/2026
Foreclosure is the legal process a lender uses to recover the balance owed on a home loan when a borrower has stopped making payments, by forcing the sale of the property. Welcome to a series on understanding foreclosure.
This process occurs in stages over months, and California law builds in specific notification periods and homeowner rights along the way. So the quicker you seek assistance the better your chances are to save your home or at least any equity you may have.
The first step in Foreclosure is “Pre-foreclosure”. This term is not an official legal term, however it's commonly used to describe the entire window between your first missed payment and the actual trustee's sale. The notice you will receive is called a Notice of Default (NOD). This is the most important window for a homeowner, because nearly every option — reinstating the loan, modifying it, selling the home, or arranging another path forward — is still on the table.
What does this mean for you? It means, you have options and a little time to decide what solution works best for you and your family.
DM me to receive my complimentary homeowner's guide - Understanding Foreclosure. This guide includes a step-by-step process, definitions of commonly used terms and free resources to assist you with guiding you towards a positive solution. đź’¬
Irene Villalobos
Broker Owner
IVRE Consultants
Lic. #01343557
Commercial/Residential
C:949-307-1814
https://ivreconsulting.com/
Disclaimer: This information is for educational purposes only and is not legal, tax, or financial advice. Foreclosure timelines and options vary by individual circumstances, lender, and loan type. For advice specific to your situation, consult a qualified attorney, tax professional, or HUD-approved housing counselor. Information is believed accurate as of the date published but may change.
Disclaimer: A HUD-approved housing counselor can walk through these options with you at no cost, and a real estate professional can advise specifically on the selling-related paths.