...conduct Your Own Foreclosure Sale
Anyone ever sent out their own notice of default to foreclose on a 2nd mortgage, and then conduct your own foreclosure sale according to State regs?
Anyone ever sent out their own notice of default to foreclose on a 2nd mortgage, and then conduct your own foreclosure sale according to State regs?
Nevada is a trust deed state. Would you appoint yourself as trustee and conduct the sale yourself? Why would you want to do this?
You are not thinking of conducting the sale in your back yard ( a well known public place) with some of your friends invited over to "bid" so you get the property-- are you?[ Edited by edmeyer on Date 06/09/2005 ]
My attorney has already filed a case in district court with eight causes of action against the defendant (this is the lessor that’s trying to backing out of a sandwich lease purchase deal, I am the leasee who has my sub tenant in the property). I’ve heard from two attorneys here that you can send the owner a NOD and then a NTS and proceed as if you are going to conduct your own trustee sale. So I’m talking about a performance mortgage/deed of trust. I’m just looking for other ways to legally get his attention and expedite the situation. I know that if I had a recorded lease purchase agreement, recorded performance deed of trust, and a pending breech of contract case filed regarding my property, a NOD on top of it would definitely get my attention.