Got a Notice of Default? Here's what it means.

I'm a licensed real estate agent. I can help you list and sell your home.

I am not an attorney, lender, loan-modification company, or foreclosure consultant.

I am not affiliated with any lender, loan servicer, or government agency.

I cannot stop or postpone a foreclosure, and I make no promises about outcomes.

I charge no upfront fees.

California requires a Notice of Default to begin with an "Important Notice." Among other things, it tells you:

• You may be able to bring the loan current by paying past-due amounts plus permitted costs, normally until five business days before the sale date.
• No sale date may be set until approximately 90 days after the notice is recorded.
• You and your lender may agree in writing to more time or a payment schedule.
• You may offer your property for sale, as long as the sale closes before the foreclosure is completed.
• If you have questions, contact a lawyer or the government agency that may have insured your loan.

California Civil Code §2924c (official text)

California's foreclosure-consultant law bars consultants from taking these steps. If someone asks you to, slow down and get advice.

• Collecting any fee before every promised service is fully done.
• Asking you to sign over your deed or an interest in your home.
• Asking for a power of attorney.
• Asking for a lien or other security for their fee.
• Offering to collect your foreclosure surplus funds for a cut.

Source: Civil Code §2945.4; see also §2945 and §2945.1.

Educational information only, not legal, tax, or financial advice. Faith Hicks is a California real estate licensee (DRE #02074367) with eXp Realty of Southern California, Inc. (Broker DRE #02187306). She is not a foreclosure consultant, attorney, or lender, is not affiliated with any lender, servicer, or government agency, and cannot stop or delay a foreclosure. Real estate services are offered only as a licensee listing or selling property. No upfront fees. Consult a California attorney and a HUD-approved housing counselor about your situation.