Paradise Real Estate

How Mortgages in California are Foreclosed

Foreclosures can vary from state to state. The following information will help you to understand the California foreclosure process. California is known as the Title Theory state where the mortgage company (i.e. bank) holds the title to the property while you live on the land and continue to make mortgage payments. The document that secures the title is usually called a "deed of trust" but may also be referred to as a mortgage. California has a complicated set of rules concerning...Continue Reading!