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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Among other information, it provides the date, time and location of the Trustee’s Sale and also contains a description of the property to be sold. Postponement A verbal announcement made at the time and place of the scheduled Trustee’s Sale. This time period is approximately 30 days long. Rescission of a Notice of Default When signed by the homeowners association or agent and recorded by the trustee, this document removes the effect of the previously recorded Notice of Default. Substitution of Trustee A written document by which one trustee is appointed in place
www.realtytrac.com - Tuesday, February 3, 2009
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  • Glossary of Foreclosure and Real Estate Terminology - Realtytrac
    Among other information, it provides the date, time and location of the Trustee’s Sale and also contains a description of the property to be sold. Postponement A verbal announcement made at the time and place of the scheduled Trustee’s Sale. This time period is approximately 30 days long. Rescission of a Notice of Default When signed by the homeowners association or agent and recorded by the trustee, this document removes the effect of the previously recorded Notice of Default. Substitution of Trustee A written document by which one trustee is appointed in place
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE