Notice of trustee sale
A recorded, published notice of the date, time and place a property will be auctioned in a non-judicial foreclosure.
Definition
A notice of trustee sale (also called a notice of sale) announces the date, time and place a property will be sold at public auction in a non-judicial foreclosure. It identifies the property, the trustee, the lender and the default, and state law sets how far ahead it must be recorded, mailed, posted on the property and published.
In Washington, for example, the trustee must record the notice at least 90 days before the sale, or 120 days when a pre-foreclosure notice letter is required, under RCW 61.24.040. In California the notice of sale generally follows the notice of default by at least three months. Sale dates often move, because lenders postpone while they review loss mitigation or a sale is pending. A recorded notice of trustee sale marks the late stage of pre-foreclosure. Depending on the state, the owner may have anywhere from a few weeks to about four months before the auction, so speed matters if you want to make an offer first.
Source: app.leg.wa.gov
Read the guide
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How a sheriff sale works: notices, deposits, title and occupancy risks, redemption, postponements, and how to reach the owner before the sale.
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