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Re: Sale Date Cancelled

Posted by G on July 12, 2010 at 10:36 AM

In Reply to: Re: Sale Date Cancelled posted by Rick Harmon on July 11, 2010 at 5:35 PM

This is the code that led to my question. I was assuming that the period of time valid for an NTS is 365 days.

Code 2924g.

c) (1) There may be a postponement or postponements of the sale
proceedings, including a postponement upon instruction by the
beneficiary to the trustee that the sale proceedings be postponed, at
any time prior to the completion of the sale for any period of time
not to exceed a total of 365 days from the date set forth in the
notice of sale.

(2) In the event that the sale proceedings are postponed for a
period or periods totaling more than 365 days, the scheduling of any
further sale proceedings shall be preceded by giving a new notice of
sale in the manner prescribed in Section 2924f. New fees incurred for
the new notice of sale shall not exceed the amounts specified in
Sections 2924c and 2924d, and shall not exceed reasonable costs that
are necessary to comply with this paragraph.


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