California is one of the State where the bank do NOT need to take the home owners to court to re-posses their home. This is also called a non-judicial foreclosure.
As you can see in the chart below, Average Days that it take to Foreclose a property in Santa Clara County is close to 400 days !
However closer to home in San Jose, the Time to Foreclose is closer to 420 days which could be for many reasons including the shadow inventory and the volume of unsold homes at the Foreclosure Auctions which have be re-posted for sale. As you can see from the chart below the Time to Foreclose jumped 38% in April 2013 compared to the same month in 2012.
You should determine when your Notice of Default was filed by your lender. This is a matter of public records and you can obtain such a record in the your County’s Recorder’s office. You can also Contact Us to get a Free copy of your Property Profile which would show the date of the NOD The silver lining could be that you could still