NTS or notice of trustee sale is a filing by notice announcing a public auction.Once the notice of default has been recorded the lender must wait 90 days before continuing with the foreclosure process.Any other parties who may be affected by the Foreclosure such as a second mortgage holder, a private note holder, or an HOA may also receive a copy of the notification.The notice of default dictates that if the money owed plus additional legal fees is not paid in a given amount of time, the lender may choose to foreclose on the borrower’s property. ![]() It is the first step that a lender takes in the foreclosure process. In California, the notice of default is the initial document filed by a trustee and it is recorded in the county where the property is located. It is the first legal document that you will receive if you fall behind on your payments.
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