"A Notice of Default Recorded April 21, 2010 As Instrument No. 2010.9999999, of Official Records."
This means the Seller/Owner is behind in their payments. The Beneficiary has fulfilled all due diligence requirements; Trustee has recorded a Notice of Default (NOD). This notice will contain the amount required to "reinstate" the loan. The sale date may be set 3 months after this date. Be sure that your closing date isscheduled before any proposed sale date whether you are purchasing this property or refinancing this loan.
"A Notice of Trustee's Sale Recorded July 22, 2010 As Instrument No. 2010.9999999, of Official Records."
The Sale Date for this property has been set. This recorded document contains the date, time, and place of this sale (usually on the steps of the properties county courthouse). If you are the purchaser in this transaction, or are the refinancing owner, you should verify for yourself that your closing date is scheduled PRIOR to the sale date or that the sale date has been postponed.
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