Advantages to Using Beacon Beacon services all title insurance underwriters, and sets itself apart through knowledge, service and technology.
Four-Fold Brochure Front View
Knowledge. Beacon is staffed with seasoned real estate professionals who provide a broad range of professional expertise. All key personnel have twenty or more years experience and are certified by the United Trustee Association.
Putting the Trust back in Trustees
Service. Our primary objective is to create value through unsurpassed customer service. Beacon’s unsurpassed knowledge of the industry gives us the ability to work through many unique servicing requirements. Our attitude and service has allowed us to distinguish ourselves in the marketplace.
Contact Us
For more information, contact a representative.
Phone: 818.501.9800 Fax: 818.501.9801 www.BeaconDefault.com
Beacon Default Management is a highly specialized provider of trustee services to attorneys, lenders, funds, governmental agencies (FDIC) and special servicers. We offer unparalleled, reliable and proven trustee services facilitating non-judicial foreclosures on commercial transactions in the western states. We offer clients unsurpassed knowledge, superior service, and state-of-the-art technology which distinguishes Beacon Default as the go-to resource in our industry. What Beacon Provides Non-Judicial Foreclosure Act as Substitute Trustee Default/Foreclosure Title Services Trustee Sale Guarantee (TSG) Litigation Guarantee (LG) Coordinate Title Nationally Curative Title Work Default Management Recording, Posting and Publishing Loss Mitigation Deeds-In-Lieu of Foreclosure Forbearance Agreements Web-Based Access to Clients’ Loans Who We Serve
. . . . . . . .
.
15260 Ventura Blvd., Suite 1150 Sherman Oaks, CA 91403
Member United Trustees Association
RELIABLE TRUSTEE SERVICES
Approved Contractor FDIC
Beacon Default Management, Inc.
Technology. To facilitate foreclosures with the speed, efficiency and precision needed in today’s world, Beacon uses “state of the art” software. Our clients have the ability to access our web portal to view their loans at any time.
Knowledge Service Technology
Why Beacon?
Non-Judicial Foreclosure Curative Title Work Default Management Loss Mitigation
Beacon Default Management, Inc. RELIABLE TRUSTEE SERVICE
15260 Ventura Boulevard, Suite 1150 Sherman Oaks, CA 91403 Phone: 818.501.9800 • Fax: 818.501.9801
www.BeaconDefault.com
. . . . . . . . . .
Banks Special Servicers Asset Managers Credit Unions Life Companies Government Agencies Debt Funds Loan Servicers Title Companies
Phone: 818.501.9800 Fax: 818.501.9801 www.BeaconDefault.com
Beacon services all title insurance underwriters, and sets itself apart through knowledge, service and technology.
Beacon Default Management is a highly specialized provider of trustee services to attorneys, lenders, funds, governmental agencies (FDIC) and special servicers. We offer unparalleled, reliable and proven trustee services facilitating non-judicial foreclosures on commercial transactions in the western states. We offer clients unsurpassed knowledge, superior service, and state-of-the-art technology which distinguishes Beacon Default as the go-to resource in our industry.
Service. Our primary objective is to create value through unsurpassed customer service. Beacon’s unsurpassed knowledge of the industry gives us the ability to work through many unique servicing requirements. Our attitude and service has allowed us to distinguish ourselves in the marketplace. Technology. To facilitate foreclosures with the speed, efficiency and precision needed in today’s world, Beacon uses “state of the art” software. Our clients have the ability to access our web portal to view their loans at any time.
Approved Contractor FDIC
Member United Trustees Association
Contact Us
For more information, contact a representative.
Phone: 818.501.9800 Fax: 818.501.9801 www.BeaconDefault.com
Putting the Trust back in Trustees
Knowledge Service Technology
What Beacon Provides Non-Judicial Foreclosure Act as Substitute Trustee Default/Foreclosure Title Services Trustee Sale Guarantee (TSG) Litigation Guarantee (LG) Coordinate Title Nationally Curative Title Work Default Management Recording, Posting and Publishing Loss Mitigation Deeds-In-Lieu of Foreclosure Forbearance Agreements Web-Based Access to Clients’ Loans Who We Serve
. . . . . . . .
.
. . . . . . . . . .
15260 Ventura Blvd., Suite 1150 Sherman Oaks, CA 91403
Knowledge. Beacon is staffed with seasoned real estate professionals who provide a broad range of professional expertise. All key personnel have twenty or more years experience and are certified by the United Trustee Association.
RELIABLE TRUSTEE SERVICES
Second Fold
Why Beacon?
Beacon Default Management, Inc.
Four-Fold Brochure
Advantages to Using Beacon
Banks Special Servicers Asset Managers Credit Unions Life Companies Government Agencies Debt Funds Loan Servicers Title Companies
Phone: 818.501.9800 Fax: 818.501.9801 www.BeaconDefault.com
Non-Judicial Foreclosure Curative Title Work Default Management Loss Mitigation
Beacon Default Management, Inc. RELIABLE TRUSTEE SERVICE
15260 Ventura Boulevard, Suite 1150 Sherman Oaks, CA 91403 Phone: 818.501.9800 • Fax: 818.501.9801
www.BeaconDefault.com
California Non-Judicial Foreclosure Flowchart Start Foreclosure Process
Post Notice of Default
Three-Month Waiting Period
Request received to start foreclosure process.
Notice of Default Records
Three month period ends.
Trustee requests original documents from beneficiary (lender).
Trustee will publish, post and mail (or personally serve) to last known address the Notice of Default (if required).
Trustee Sale Officer sets up file;, prepares Notice of Default (NOD), and Substitution of Trustee (if required), and sends for signatures.
Mails copy of Notice of Default to those entitled within ten business days. TSG received and checked for errors.
When signed documents and deposits are received, Trustee Sale Officer sends for recording and orders Trustee Sale Guarantee (TSG) from Title Department, which specifies what is required for a valid foreclosure and coordinates state statutes with loan documents.
Phone: 818.501.9800 Fax: 818.501.9801 www.BeaconDefault.com
Mails copy of NOD to persons entitled within one month. Sends authorization to publish to client two weeks before the end of the third month after NOD records.
Publish Trustee sets sale date (four to five weeks) and publishes a Notice of Sale. Mail At least 20 days prior to sale, Trustee mails a copy of the Sale Notice to the same persons that received the NOD. Exception: IRS Lien mailings must be sent at least 25 days prior to sale and any state taxing agency must be mailed Notice of Sale at least 20 days prior to sale. Post At least 20 days prior to sale, Notice of Sale must be conspicuously posted with description of property to be sold, and the street address, specific location, date and time of sale, at: (1) one public location (e.g., court house, city hall,) and (2) on the property.
Crier Conducts Sale
Reinstatement period ends business days prior to sale.
five
Military Affidavit, Bid Instructions, Posting Affidavit and Publishing Affidavit required before sale.
Crier of Sale qualifies bidders before sale.
Crier conducts sale.
Trustee Sale Officer records Trustees Deed upon sale.
Sale is completed.
Representative Transactions $2,400,000 Office National Bank Nevada
$22,000,000 Land Regional Bank Utah/California
$48,000,000 Mixed Use Project Foreign Bank, California
$1,500,000 Mobile Home Park Regional Bank Arizona
$95,000,000 Office Building Special Servicer California
$33,000,000 Hotel Special Servicer California
Disclaimer: Presentation of this timeline is for general reference only. No information on this page is to be viewed as legal advise or as an official description of the judicial or non-judicial process. This is general reference material and is displayed strictly as a service to consumers. They are not intended to be all-inclusive or to cover default situations in all states. Consumers are advised to seek professional legal counsel in any default proceeding.
Advantages to Using Beacon
Putting the Trust back in Trustees
Four-FoldBeacon Brochure services
all title insurance underwriters, and sets itself apart through knowledge, service and technology.
Back Fold
Knowledge. Beacon is staffed with seasoned real estate professionals who provide a broad range of professional expertise. All key personnel have twenty or more years experience and are certified by the United Trustee Association. Service. Our primary objective is to create value through unsurpassed customer service. Beacon’s unsurpassed knowledge of the industry gives us the ability to work through many unique servicing requirements. Our attitude and service has allowed us to distinguish ourselves in the marketplace.
For more information, contact a representative.
Phone: 818.501.9800 Fax: 818.501.9801 www.BeaconDefault.com
15260 Ventura Blvd., Suite 1150 Sherman Oaks, CA 91403
Contact Us
RELIABLE TRUSTEE SERVICES
Member United Trustees Association
Approved Contractor FDIC
Beacon Default Management, Inc.
Technology. To facilitate foreclosures with the speed, efficiency and precision needed in today’s world, Beacon uses “state of the art” software. Our clients have the ability to access our web portal to view their loans at any time.
Knowledge Service Technology
Non-Judicial Foreclosure Curative Title Work Default Management Loss Mitigation
Beacon Default Management, Inc. RELIABLE TRUSTEE SERVICE
15260 Ventura Boulevard, Suite 1150 Sherman Oaks, CA 91403 Phone: 818.501.9800 • Fax: 818.501.9801
www.BeaconDefault.com