TIME FRAME

PROCEDURES

Preliminaries

Prepare Declaration of Default

 

Start

Prepare Pre-Lien/Demand letter

30 days after Pre-Lien Letter

Prepare and record Notice of Delinquent Assessment and Claim of Lien (NODA)

• Prior to recording the NODA, the Board of Directors of the Association must approve to lien said property by a majority vote in an open meeting.
   

30 days after recording the NODA
 

Prepare and record Notice of Default and Election to Sell (NOD). Order Trustee’s Sale Guarantee (TSG).

• Prior to recording the NOD, the Board of Directors of the Association must approve to initiate foreclosure on said property by a majority vote in an executive meeting.
   

10 days after the recording of the NOD
 

10-Day Mailings

 

30 days after the recording of the NOD
 

30-Day Mailings

2 months after the recording of the NOD

Authorization to Publish
Non-Military Affidavit

3 months after the recording of the  NOD

Prepare Notice of Sale
Order TSG Update

• Prior to preparing the NOS, the delinquent assessments must be greater than $1,800.00 or 12 months in arrears.

No later than
20 days prior
to sale

Publish, Post and Mail Notice of Sale

No later than 14 days
prior to sale

Record Notice of Sale

Sale Date

Conduct Sale

Prepare and record Trustee’s Deed Upon Sale