Notice of Default (NOD)
Start of foreclosure process. Initial notice recorded when borrower does not meet terms of loan.
Notice of Trustee Sale
Sets auction date. Can be recorded 90 days after Notice of Default. CC 2924 c. (b)(1)
Initial auction date can be just 14 days after Notice of Trustees Sale is recorded. CC 2924 f. (b)(1)
Auctions can postpone for up to one year. CC 2924 g. (c)(1)
Link to Postponement info
Transfers property to winning bidder or to foreclosing bank if no bids are received. CC 2924 h. (c)