The Foreclosure Process
Below is the steps of the foreclosure and trustee sale (auction) process.
We can help postpone this sale date to give you more time to
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1. Missed Payments & Default Notice
The foreclosure process typically begins after several missed mortgage payments. The lender (beneficiary) will issue notices and attempt to collect the overdue balance. Once the loan is formally declared in default, the file may be transferred to a trustee to begin the non-judicial foreclosure process in Arizona.
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2. Notice of Trustee Sale Is Recorded
The trustee records a Notice of Trustee Sale with the county recorder, setting an auction date at least 90 days out. This notice is mailed, posted, and published. At this point, many homeowners feel like they have run out of options — but the process is not over yet.
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3. The 90-Day Window to Act
During this period, homeowners still have opportunities to resolve the situation. Options may include reinstatement, refinance, loan modification, short sale, or negotiating directly with the lender. This is also the stage where a postponement may be requested. Foreclosure SOS communicates directly with both the beneficiary and the trustee to explore available options and potentially secure additional time.
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4. Trustee Sale (Auction Day)
If no resolution is reached, the property is auctioned publicly by the trustee. The lender may submit a credit bid, or a third-party investor may purchase the property. Once the auction concludes, ownership transfers quickly.
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5. Final Transfer & No Redemption Period
In Arizona, there is no post-sale redemption period following a trustee sale. Once sold, the transaction is final. That is why acting before the auction date — including pursuing a postponement when appropriate — can be critical in protecting your options.