Question

The maximum time allowed for the sale of an agricultural property, through the Public Trustee’s office after filing of the notice of election and demand (NED) to foreclose is:_________________.

Answer 1

Answer:

230 days

Explanation:

The Public Trustee's Office must schedule the sale of an agricultural property with 215-230 days after the initial foreclosure action was recorded. The Public Trustee must notify the sale of the property in a local newspaper for at least 5 consecutive weeks. The Public Trustee must also mail a copy of the notice to the borrower.