California foreclosures set to surge

What Lenders Should Know about Temporary Restraining Orders and Foreclosures in California. That hearing should take place within 22 days in state court [California Code of Civil Procedure Section 527 (d) (1) or 14 days in federal court [Federal Rules of Civil Procedure 65 (b) (2)], the maximum length of time a TRO lasts.

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In the wake of the California foreclosure crisis, one of several arguments relied on by borrowers facing foreclosure (and their attorneys) in "wrongful foreclosure" suits has been that some aspect of the statutory foreclosure recording requirement process was not "strictly complied" with, making the sale "void" and invalid, as opposed to "voidable."

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California foreclosure "surge": Up 327% from ’07 levels. April 22, 2008 | 10:14 am. The number of California homes lost to foreclosure in the first quarter surged 327% from year-ago levels — reaching an average of more than 500 foreclosures per day — DataQuick said in a report, warning that.

California. surge came after a spike three months earlier in homes entering the foreclosure process for the first time. “Despite a seasonal slowdown similar to what we’ve seen each of the past four.

How Do I Find Foreclosed Properties? [#AskBP 044] California’s Foreclosure Timeline. The foreclosure process is defined by California civil code 2924 and begins with the filing of a Notice of Default (NOD) with the county recorder. Within 10 business days, the trustee of the deed of trust mails the NOD and the filing date to the defaulting borrower.

Lions Gate has 14 movies set for release in fiscal 2016 and will. closing at 100 percent of their assessed value in California, compared to 87 percent nationwide. Nationwide, foreclosure filings.

California default notices spiked 55% in August, and the number may keep rising in the coming months as mortgage servicers shake off the robo-signing freeze, according to RealtyTrac Senior Vice.

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LOS ANGELES — Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures. The number of U.S.