Prescott Arizona Foreclosure, Short Sales, Bank-Owned Property, REO Foreclosure Timeline

	Timeline Steps	Days for Step	Total Days
1	Open file; order Trustee’s Sale Guarantee report; prepare and send statement of Breach and Notice of Substitution of Trustee to client if not received with foreclosure file	1	1
2	Review of Trustee’s Sale Guarantee report by processor and second review by attorney as soon as TSG is received from file company	7	8
3	Set Trustee’s Sale; record Notices of Trustee’s Sale and order title bring down	2	10
4	Mail Notices to required/interested person(s) (must be done within 5 days of recording Notice of Trustee’s Sale)	4	14
5	Send notice to publisher for publishing, and send Notice for posting	41	55
6	Request IRS bring down 30 days before scheduled Trustee Sale	13	68
7	Send special notice to IRS, if necessary, for liens filed more than 30 days before scheduled Trustee’s Sale	7	75
8	Send Grant Deed to client and request bid figures	5	80
9	Prepare for Trustee’s Sale, and prepare bid for Trustee’s Sale	12	92
10	Conduct Trustee’s Sale; send Trustee’s Deed to title company; order title policy and send copies and billing to client	10	102
11	Send Grant Deed to title company to record and order Title Policy when notified by client, if FHA or conventional loan; prepare title package and deliver to VA or FHA, and send copies to client with title company billing for title policy	1	115