The house was purchased by Suleman's mother, Angela, with an adjustable rate mortgage on March 8, 2006, before housing prices took a nose dive. Angela Suleman owes $23,225 on a $453,750 note, and hasn't paid any of her monthly $1,512 installments since last April, records show.
"It's tough times we are in right now," Angela Suleman tells PEOPLE exclusively.
When asked whether she has tried to negotiate with her lender, IndyMac Federal Bank of Pasadena, Calif., Suleman replied, "I haven't even had time right now, but I'm sure I could do something."
A First StepAn IndyMac spokesman emphasized that the Feb. 5 default filing is only a first step toward foreclosure, and a sign that the bank has either not been able to reach the owner or hasn't been able to work anything out. The Whittier property is not in foreclosure, and it remains to be seen if or when a foreclosure auction might be scheduled, the spokesman says.
Properties in California are typically sold at auction three to six months after a notice of default is filed, but the sale can be delayed by any number of things, including a bankruptcy filing by the owner or an arbitrary decision by the bank, says IndyMac spokesman Evan Wagner.
"We take these things one case at a time – there's no shortage of people struggling to make their mortgage payments right now," Wagner tells PEOPLE. "Roughly more than 10 percent of our customers are 60 or more days behind."
Nadya's father, Ed Doud, has hinted that the family has another property where Nadya can bring home her octuplets over the next few weeks, when they are released from Kaiser Permanente Bellflower Medical Center.