Lender’s possession of note and contact information on the NOD not required to start foreclosure

Facts: A homeowner took out a loan, executing a note secured by a trust deed, then later went into default. The trust deed along with all beneficial interest was assigned to a new lender, though the physical note was not assigned. The new lender filed a notice of defaultThe notice filed to begin the nonjudicial foreclosure process. Generally, the NOD is filed after three or more months of delinquent mortgage payments. (NOD) and scheduled a trustee’s sale.