Non-Judicial Foreclosure
The most time- and cost-effective solution to loan defaults in California
An Overview
California law permits a beneficiary (lender) to exercise the Power of Sell under a deed of trust when a Trustor (borrower) defaults on a loan secured by real properties.
Simply put, a beneficiary may sell the trustor’s real property (collateral) at a public auction to the highest bidder to satisfy an indebtedness without court actions. Hence, the term non-judicial foreclosure.
LFS acts as the designated Trustee to carry out the non-judicial foreclosure on behalf of the beneficiary in compliance with a myriad of statutory requirements.
Required Documents
A beneficiary/Lender shall present to LFS the following documents in order to commence a non-judicial foreclosure:
- Original Promissory Note, or surety bond in the even of a lost note;
- Deed of Trust, All-inclusive Deed of Trust, or Land Purchase Contract, Assignment of Deed of Trust;
- Any modifications to Note and Deed of Trust, if applicable;
- Guaranty and/or continued guaranty, if applicable;
To Start a Foreclosure
- You download, complete, and sign Request to Prepare Notice of Default;
- You send the Request along with copies of loan documents to LFS for review;
- LFS responds with a preliminary assessment and an estimate of fee and expenses;
- You send to LFS the required initial deposit; and
- LFS prepares, records, and serves the Notice of Default. The foreclosure process starts.
| To Contact LFS |
 info@lendersforeclosureservices.com |
 626.579.5350 |
 626. 579. 2524 |
 P.O Box 92086, Industry, CA 91715 |