Posted by JPiper on November 07, 1998 at 03:32:23:
Just thought I would point out that this is a land contract. Therefore it may not be foreclosed “non-judicially” even in California.
California is a deed of trust state. Defaulted loans may be foreclosed upon non-judicially under their deed of trust. They may also be foreclosed judicially, although most lenders will not take this option.
But again, in this case this is a land contract. There is no deed of trust to foreclose through a trustee. If there is to be a foreclosure it must be judicially.