NOTICE OF SALE

Three months after the Notice of Default is filed, if the default has not been cured, the trustee may issue a Notice of Sale, which must be produced at least twenty (20) days prior to the actual date of the sale. The requirements for the Notice of Sale are set out in detail in Civil Code Section 2924f.

The Notice of Sale must say exactly when and where the sale will take place. It must describe the property which is to be sold, and it must say what the total debt is against the property, as well as an estimate of what the costs of foreclosure will be.

The Notice of Sale must be posted, both in a public place in the city or judicial district in which the property is located, and on the front door of the property, at least twenty days prior to sale. (If the property is in a gated community, so the front door cannot be reached, the posting may be near the gate or other equivalent place.)

The Notice of Sale must also be published, once a week, for at least three weeks, starting at least twenty days prior to the sale. The publication must be in a newspaper of general circulation. The statute goes into great detail about how to determine an appropriate newspaper for publication of the notice.

The Notice of Sale must also be recorded, at least fourteen (14) days prior to the sale date.

Share