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Buying A Tustin Home – Understanding What A Foreclosure Notice Contains

If you’ve ever had the chance to review a foreclosure notice from one of the Tustin homes for sale , you’ll find it contains detailed information concerning the borrower, the property, and the mortgage involved in the foreclosure.  You’ll find these typical items in the notice: the

-The exact date the notice of default or lawsuit (lis pendens) was filed and recorded in the public records

-The notice of default or case number

-Names and address information of the mortgagor or trustor whose loan is in default

-The name and address of the lender, trustee, or beneficiary foreclosing on a Home

-Physical street address of the property

-Legal description of the property

-Land use zoning code for the property

-Estimated value of a property in the tax assessor’s records

-Original amount of the loan

-Date the original loan was taken out

-Date the last payment was made on a loan

-Amount of the past due payments

-Balance of the loan at the time the foreclosure action started

-Date of the public foreclosure auction or trustee sale