What is Appointment of Substitute Trustee?
Modified on: Fri, May 18, 2018 at 10:10 AM
If a mortgage company is not local, they must appoint a local "substitute" trustee before they can send the Notice of Default and begin the foreclosure process. This list is the first hint that people might be late on their mortgage payments - it is kind of a "pre-preforeclosure" list!
Did you find it helpful?
Sorry we couldn't be helpful. Help us improve this article with your feedback.