If you receive a notice of default (NOD) for your mortgage, you need to act quickly. A NOD is a notification given if you have not made payments by the predetermined deadline (usually specified in your Deed of Trust). It spells out repayment (sometimes called curing) schedules and spells out the foreclosure process and timeline.
You have until five business days before the foreclosure sale to cure the default. To cure the default you have to pay off missed payments, late charges, and fees for initiating the foreclosure. If you do not cure the default, the trustee can take steps to hold a foreclosure sale.
Four Steps You MUST take to prevent a Foreclosure in California.