Summary of Notice of Sale - California (English / Vietnamese)

Summary of Notice of Sale is a legal document that was released by the California Department of Financial Protection and Innovation - a government authority operating within California.

FAQ

Q: What is the Notice of Sale?
A: The Notice of Sale is a document that informs the public about a property that will be sold at auction.

Q: Who issues the Notice of Sale?
A: The Notice of Sale is issued by the trustee, who is designated to handle the foreclosure process.

Q: What does the Notice of Sale contain?
A: The Notice of Sale contains information about the property, the date and location of the auction, and the terms of the sale.

Q: Why is the property being sold?
A: The property is being sold because the owner has defaulted on their mortgage or loan payments.

Q: Who can attend the auction?
A: Anyone can attend the auction, including potential buyers and interested members of the public.

Q: How can I participate in the auction?
A: To participate in the auction, you need to register and bring a valid form of payment to bid on the property.

Q: Can I inspect the property before the auction?
A: Yes, potential buyers can usually inspect the property before the auction, but the specific details may vary.

Q: What happens if the property doesn't sell at the auction?
A: If the property doesn't sell at the auction, it may become a real estate-owned (REO) property and be listed for sale by the lender.

Q: How can I get more information about the foreclosure process?
A: You can contact the trustee or consult with a real estate professional for more information about the foreclosure process in California.