Notice of Trustee's Sale (NOTS)

 

• Contact your bank¹ Immediately
• Take notes when you speak with your bank¹; date, time, name and ID# of person
• Request a list of documents required by your bank¹ to complete a review of your file
• Open and keep all letters from your bank¹, including envelopes
• This is the last Notice that you will receive before the “Trustee's Sale” of the property

 

• Don’t delay! Contact a HUD approved Housing Counselor– your success rate will increase and there are no fees for these services
• If you do not have a Housing Counselor contact Washington Homeownership Resource Center (WHRC) for a referral in your area

Call Today! 877-894-4663

 

• Services:
  • Identify possible workout options
  • Review financial documentation
  • Submit your documentation to your bank¹
  • Communicate with you and your bank¹
• Only a Housing Counselor or an Attorney can request mediation on your behalf

 

• Gather your documents and complete bank¹ required forms
• Provide documentation to your Housing Counselor to review and assemble
• Submit documents, your Housing Counselor will assist you
• Refresh documents every 30 days or as often as your Housing Counselor requests

 

• The purpose is to explore All available options to avoid foreclosure
• If you qualify, mediation may only be requested by your Housing Counselor or an Attorney
  • Typical Attendees
    • All Borrower(s) on the mortgage
    • Mediator(s)—Neutral Third Party
    • Legal Representative for bank¹ (Lawyer)
    • “Decision Maker” for the bank¹

 

• Continue to communicate with your bank¹ and Housing Counselor
• Submit/Refresh your documents for assistance
• Prepare yourself for the next “official” notice—The Notice of Trustee's Sale (NOTS)
• Don’t panic if you receive this Notice. There is still time, if you Act Immediately!

 

Only 20 days to have mediation requested from the recording date of Notice.

Trustee's Sale can occur 120 days from the recording date of this Notice If you fail to respond.