Notice of Sale: A letter sent by the lender to a party in default on an obligation secured by a Deed of Trust. The letter may indicate the date of the Trustee's sale, the amount of the debt and any accrued penalties, and methods of payment.
Notice of Sale (21 days): The Trustor (borrower) can stop the sale up to five (5) business days prior to the sale by curing any deficiency and paying costs. If the sale is extended for more than five (5) business days, the reinstatement period is revived. A Notice of Sale must be published once a week (three times) for 20 days and not more than seven (7) days apart. Notice also must be recorded and posted in a public place such as City Hall or the courthouse and on the property.
