Notice of Default
Start of the foreclosure process and sets the initial auction date. The Notice of Default and Election to Sell is recorded.
Notices of Default are not recorded in Oregon, therefore PropertyRadar does not track NODs as preforeclosures.
Notice of Trustee Sale
The Notice of Trustee Sale can be served and published after the Notice of Default and Election to Sell is recorded.
Publication is once a week for 4 weeks with the last publication being no sooner than 20 days before the sale.
Before sale Trustee must record affidavits of completed service and publication
Initial auction date. At least 120 days from service of Notice of Trustee Sale and at least 20 days after last publication.
Auction may be postponed for up to 180 days before process must restart.
Default may be cured with loan reinstated up to 5 days before sale if debt brought current with no acceleration.