NOTICE OF TRUSTEE'S SALE RE: Trust

97209 | 12/06/2019 | Ad id: 7-0000520150-01
Details

NOTICE OF TRUSTEE'S SALE RE: Trust Deed from Steven P. Nero and Lisa Lemieux Nero, Borrower/Trustor, To: Christopher R. Ambrose, Successor Trustee - NOTICE OF SALE OF PROPERTY UNDER POWER OF SALE - IMPORTANT NOTICE - NOTE: THERE IS A SUMMARY OF THE INFORMATION IN THIS DOCUMENT ATTACHED* [*THE SUMMARY OF INFORMATION REFERRED TO IS NOT ATTACHED TO THE RECORDED COPY OF THIS DOCUMENT.] (The above statement is made pursuant to CA Civil Code Section 2923.3(d)(1). The Summary will be provided to Trustor(s) and/or vested owner(s) only, pursuant to CA Civil Code Section 2923.3(d)(2).) SUBJECT PROPERTY: The real property that is subject to this Notice of Sale is located in the State of California, County of El Dorado, and is commonly described as a fractional interest known as 1001 Park Ave., Unit #3125, II, South Lake Tahoe, California 96150. The county assessor's parcel number is 513-125-02-100. NOTE: NO ACTION IS BEING TAKEN TO RECOVER ANY DEFICIENCY AMOUNT AGAINST BORROWER/TRUSTOR ACTION IS BEING TAKEN AGAINST THE SUBJECT PROPERTY ONLY. YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED JANUARY 23, 2003. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER. NOTICE IS HEREBY GIVEN that, on Friday, December 27, 2019, at 2:30 p.m., at 495 Main Street, Placerville, California 95667, Christopher R. Ambrose, whose address in California is 620 Hygeia Avenue, Encinitas, CA 92024, and whose California phone number is (888) 874-0552, or his agent, will sell at public auction to the highest bidder for cash, in lawful money of the United States, all payable at the time of the sale, the real property described below. The real property is located in the State of California, County of El Dorado, and is commonly described as 1001 Park Ave., Unit #3125, II, South Lake Tahoe, California 96150. The county assessor's parcel number is 513-125-02-100. The sale will be made without covenant or warranty regarding title, possession, or encumbrances, pursuant to the power of sale conferred under that certain Deed of Trust executed by Steven P. Nero and Lisa Lemieux Nero, husband and wife, as joint tenants with right of survivorship, to First American Title Insurance Company, as Trustee, for Nextstar Funding, Inc., as Lender/Beneficiary, dated January 23, 2003, and recorded February 5, 2003, as Instrument No. 2003-0012137-00, Official Records in the Office of the Recorder of El Dorado County, California, and assigned to Independent Bank (as successor in interest to Independent Mortgage Company) under that certain Corporation Assignment of Deed of Trust dated January 23, 2003, and recorded February 5, 2003, as Instrument No. 2003-0012138-00, Official Records in the Office of the Recorder of El Dorado County, California. Christopher R. Ambrose was appointed and substituted as successor trustee under the Trust Deed by the Substitution of Trustee dated effective June 18, 2019, and recorded July 17, 2019, in the Official Records in the office of the Recorder of El Dorado County, California, as Instrument No. 2019-0027823-00. His California address and California phone number are set forth above. A Notice of Default and Election to Sell dated August 2, 2019, was recorded August 6, 2019, in the Official Records in the office of the Recorder of El Dorado County, California, as Instrument No. 20199003114300006. This notice is given, if applicable, in compliance with a written request made to the Successor Trustee by the Beneficiary. NOTICE TO POTENTIAL BIDDERS: If you are considering bidding on this property lien, you should understand that there are risks involved in bidding at a trustee auction. You will be bidding on a lien, not on the property itself. Placing the highest bid at a trustee auction does not automatically entitle you to free and clear ownership of the property. You should also be aware that the lien being auctioned off may be a junior lien. If you are the highest bidder at the auction, you are or may be responsible for paying off all liens senior to the lien being auctioned off, before you can receive clear title to the property. You are encouraged to investigate the existence, priority, and size of outstanding liens that may exist on this property by contacting the county recorder's office or a title insurance company, either of which may charge you a fee for this information. If you consult either of these resources, you should be aware that the same lender may hold more than one mortgage or deed of trust on the property. NOTICE TO PROPERTY OWNER: The sale date shown on this notice of sale may be postponed one or more times by the mortgagee, beneficiary, trustee, or a court, pursuant to Section 2924g of the California Civil Code. The law requires that information about trustee sale postponements be made available to you and to the public, as a courtesy to those not present at the sale. If you wish to learn whether your sale date has been postponed, and, if applicable, the rescheduled time and date for the sale of this property, you may call 888.874.0552 for information regarding the trustee's sale or visit this Internet Web site, www.realestateandmortgagelaw.com (nonjudicial foreclosures section), for information regarding the sale of this property, using the Trustee's Sale Number assigned to this case [(CAELD10007)]. Information about postponements that are very short in duration or that occur close in time to the scheduled sale may not immediately be reflected in the telephone information or on the Internet Web site. The best way to verify postponement information is to attend the scheduled sale. As of December 4, 2019, which is the anticipated date of the initial publication of this notice, the projected total unpaid balance of the obligation secured by the property inclusive of reasonably estimated costs, expenses, and advances is $106,674.49 (subject to final audit). Dated: November 20, 2019. AMBROSE LAW GROUP LLC, By: /s/ Christopher R. Ambrose, Of Attorneys for Beneficiary. Trustee's Sale No.: [CAELD10007]. ALG File No. 48013-189. Publication: December 6, 13, 20, 2019 Ad #0000520150