This package contains essential policy and procedures forms to help your company ensure a uniform understanding by all employees and help reduce the potential threat of employee grievances. It provides orientation for new hires and serves as a reference manual for the entire company. The documents in this package include the following:
1. Harassment Policy
2. Vacation & Sick Pay Agreement
3. Military Leave Policy
4. Smoking Policy
5. Internet & E-mail Policy (Liberal)
6. Cellphone Policy
7. Your Drug-Free Workplace
8. Equal Employment Opportunity Policy
9. Employee Dress Code Policy- General
10. Workplace Safety Policy- for Employee
11. Employee Suggestion Policy
The California foreclosure process refers to the legal proceedings initiated by a lender or mortgage holder to reclaim a property when the borrower defaults on mortgage payments. The foreclosure process in California follows specific steps and timelines, providing different options for both the lender and the borrower. Familiarizing oneself with these procedures can help in understanding foreclosure proceedings and potential ways to address them effectively. The first stage of the California foreclosure process is the issuance of a Notice of Default (NOD) to the borrower. When a borrower misses a certain number of payments, typically three, the lender files an NOD with the county recorder's office, publicly notifying the borrower of their default. The NOD contains essential information such as the borrower's name, outstanding loan amount, default amount, and a property description. After receiving the NOD, the borrower has a period of generally 90 days to rectify the default by making necessary payments, negotiating with the lender, or seeking foreclosure alternatives. This period is known as the pre-foreclosure phase, where various paths can be explored to resolve the default and avoid foreclosure. Some common alternatives include loan modification, short sales, or deed in lieu of foreclosure arrangements. If the borrower fails to resolve the default within the pre-foreclosure period, the lender can proceed with the foreclosure sale. The lender files a Notice of Trustee Sale (NOT), which sets a date for the property to be sold at a public auction. They Must not be published in a local newspaper and posted on the property itself. The notice includes the sale date, time, and location. On the scheduled sale date, the property is auctioned off to the highest bidder. This auction, also known as a trustee sale, generally takes place at the county courthouse. The property is often sold to the lender or a third-party bidder. If no one bids on the property, it becomes Real Estate Owned (RED) and is owned by the lender. It is important to note that California provides both judicial and non-judicial foreclosure processes. Non-judicial foreclosure, also referred to as foreclosure by power of sale, is the most common form of foreclosure in the state and follows the steps mentioned above. In a judicial foreclosure, the lender files a lawsuit against the borrower, and the court oversees the foreclosure process. In conclusion, the California foreclosure process consists of several stages, from the issuance of an NOD to the foreclosure sale. Understanding the process is essential for borrowers who find themselves facing default to explore available options and potentially avoid foreclosure. Whether it is through loan modification, short sale, or judicial foreclosure, borrowers have choices to navigate this challenging situation.
