What is a Notice of Trustee Sale (NOTS) and what happens when one is issued?
An NOTS records an official auction date with the county in which the property is located, it tells you where and when the home will be sold at auction, which is typically on the steps of the county courthouse. This is where modification becomes more difficult; now the ticking of the clock has become very loud and noticeable. You will be very nervous at this stage and it is perfectly understandable. We have had dates of sale postponed, some over and over again. If you have a package turned in, you can typically push for postponement, but there is no guarantee, which is why we recommend that if a client can stay out of the Notice of Default range, it is their best interest.
