In an non-judicial foreclosure, can the homeowner redeem themselves up to the time of the court sale? If not, how can you find these properties while the homeowner is still in a “redemption period”?
Answer:
Typically in a non-judicial – trust deed state, you can reinstate the loan up to the time of auction. However this doesn’t happen very often because there are so many late fees, attorney fees, and so on attached to the property now that it doesn’t make sense to reinstate the loan unless there is so much equity in the property to justify this.