Finance
In California, what is the minimum time from recording the Notice of Default (NOD) to a non-judicial trustee's sale?
A60 days
B90 days
CApproximately 111 days (3 months + 21 days)✓ Correct
D6 months
Explanation
California's non-judicial foreclosure process requires a 3-month reinstatement period after recording the Notice of Default, then a minimum 21-day Notice of Trustee's Sale, totaling approximately 111 days before the sale can occur.
Related California Finance Questions
- A 'due-on-sale clause' in a mortgage means:
- Under California's anti-deficiency statutes, which type of loan is protected from a deficiency judgment after non-judicial foreclosure?
- Private Mortgage Insurance (PMI) primarily protects:
- What is 'redlining' and why is it illegal?
- What is a HELOC?
- Private Mortgage Insurance (PMI) is typically required when:
- Which federal law prohibits lenders from discriminating against borrowers based on race, color, religion, national origin, sex, familial status, or disability when making mortgage loans?
- What does it mean when a mortgage has a 'prepayment penalty'?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →