Heard some rumblings at the trustee sale today - no official confirmation or verification as of yet....
Recontrust, a wholly owned subsidary of Bank of America, is the trustee performing the foreclosures of the loans in default. Word is that they are not licensed here in Nevada. I understand that they are substituting a Nevada licensed attorney as trustee and republishing all notice of sales (a three week process).
So what, right? Well, it means a short period of slow down on completion of the foreclosure process at the trustee sale auction. Middle of July - it will be back up to speed.....
