Does a lender have authority to foreclose on a defaulting homeowner when it fails to meet the conditions precedent for foreclosure contained in the trust deed?

Facts: A homeowner obtains a mortgage secured by a trust deed on their home. The trust deed specifies conditions required by the National Housing Act (NHA) that the lender is to fulfill before foreclosing on a homeowner in default, including a meeting with the homeowner to discuss foreclosure alternatives and loan modifications. The homeowner later…

California’s Transition Assitance Program

The Keep Your Home California Transition Assistance Program provides one-time funds to help eligible homeowners relocate into a new housing situation after executing a short sale or deed-in-lieu of foreclosure program. The TAP can provide up to $5,000 in transition assistance per household. Borrower Eligibility Criteria: Homeowner must qualify as a low-to-moderate income household. (Income…