Mortgage Auction Rescheduling Timeline

Summary

In California, mortgage auctions can be rescheduled within 12 months after postponement. If not held within this period, a new Notice of Default is required, taking around 3 months. The exact rescheduling date depends on the mortgagees decision.

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my house was up for Luckily I was able to find someone who is willing to pay off the balance. If something goes wrong, how long does it usually take for the mortgage to schedule another auction
Hello Robert, the timeline for rescheduling an auction can vary depending on your location and the specific policies of your mortgage lender. Could you please provide your location so that I can give you more accurate information?
I’m in San Jose California
Hello Robert, in California:
- The lender must wait 3 months after filing a Notice of Default before scheduling an auction.
- After the auction is postponed, it can be rescheduled within 12 months.
- If the auction is not held within this time, a new Notice of Default must be filed.
How long does it take to reschedule one if the mortgagee starts the process
Hello Robert, in California, if the mortgagee starts the process to reschedule an auction:
- They can reschedule it anytime within 12 months after the initial postponement.
- If it's not held within this period, a new Notice of Default must be filed which takes around 3 months.
How long does it take to reschedule one?
In California, if an auction is postponed, it can be rescheduled anytime within 12 months. If it's not held within this period, a new Notice of Default must be filed which can take about 3 months.
let’s say they start the process tomorrow to reschedule the auction. How long is it from tomorrow to the new date?
In California, if they start the process to reschedule the auction tomorrow, the new auction date can be anytime within 12 months from tomorrow. The exact date would depend on the mortgagee's decision.