Yes — a Notice of Default is the start of the foreclosure process, not the end. You generally still have time to sell and protect any equity, but the clock is ticking.
Why moving fast matters
- You keep the equity: selling before the trustee's sale lets you pay the loan and pocket what's left, instead of losing it to foreclosure.
- You protect your credit: a completed sale is far better for your future than a foreclosure on your record.
- Short sale option: if you owe more than the value, the lender may approve a sale for less than the balance.
- The timeline is finite: after the NOD comes a Notice of Trustee's Sale — don't wait.
I've helped homeowners in pre-foreclosure sell quickly and with dignity. The earlier you reach out, the more options you have.
See my full guide to a pre-foreclosure home sale in California.
Frequently Asked Questions
How long do I have after a Notice of Default?
In California there's a statutory reinstatement period followed by a Notice of Trustee's Sale before the home can be sold at auction — often totaling several months. The exact timeline is set by law, so confirm your dates with an attorney and act early.
What if I owe more than the house is worth?
You may qualify for a short sale, where the lender agrees to accept less than the full balance. It requires lender approval and documentation, but it can avoid foreclosure. I work with homeowners and lenders to pursue this when it fits.
Is selling better than letting it foreclose?
Almost always. Selling can preserve any equity, gives you control over the process, and is generally far less damaging to your credit than a completed foreclosure. The key is to start before the trustee's sale date.
