Notice of Default expiration


#1

Once recorded, does a Notice of Default expire after so many days if no trustee sale takes place? I know a Notice of Trustee Sale will expire after a year has passed since the sale date specified in the NTS.


#2

Hi Adm,
A Notice of Default does not expire. It is active until a rescission is recorded or the loan is reconveyed as the result of a transfer or settlement of the debt.


#3

Another event which voids the Notice is bringing the loan current.