How to Buy California Foreclosures

The State of California mainly follows a non-judicial deed of trust foreclosure. In instances where there is no power of sale clause used in the deed of trust or if a standard mortgage is followed, the lender can choose to opt for a judicial foreclosure.

It usually takes more than four months from the time a notice of default is served to a property owner before the property can sell at a public auction of foreclosure sale.

The title of the foreclosure property is then transferred to the lender (Real Estate Owned). It is best to buy a property during preforeclosure, because it does tend to be cheaper then.