The public trustee must file the required document with the office of the Public Trustee. The Trustee then files a “Notice of Election and Demand” with the county clerk and recorder. Once recorded, the notice must be published in a newspaper of general circulation within the county where the property is located for a period [...]

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A foreclosure is a situation in which a homeowner is unable to make principal and/or interest payments on his or her mortgage, so the lender, be it a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.

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