Non Judicial Foreclosure Process (California)
When a homeowner purchases their home they usually receive some form of "Deed" that grants them ownership interest in the property. If the owner used financing to purchase the property or as collateral for a loan, an "Deed of Trust" or "Mortgage" was signed.
In most nonjudicial states the Deed of Trust (DOT) or Mortgage contain a "power of sale" clause. This power of sale allows the beneficary of the DOT or Mortgage to conduct a Trustee Sale of the property to conduct the sale. To the left is a standard "Non judicial" process in California. To learn more about what YOUR state laws and foreclosure process looks like, please go to ForeclosureLaw.org
To understand what the documents look like and mean (or instruments as they are referred to) go to Examining Documents.