Mergers of neutron stars (NS) and white dwarfs (WD) may give rise to observable explosive transient events. We use 3D hydrodynamical (SPH) simulations, as well as 2D hydrodynamical-thermonuclear simulations (using the FLASH AMR code) to model the disruption of CO-WDs by NSs, which produce faint transient events. We postprocess the simulations using a large nuclear network and make use of the SuperNu radiation-transfer code to predict the observational signatures and detailed properties of these transients. We calculate the light-curves (LC) and spectra for five models of NS -CO-WD mergers. The small yields of 56 Ni (few×10 −3 M ) result in faint, rapidly-evolving reddened transients (RRTs) with B (R) -peak magnitudes of ∼ −12 (−13) to ∼ −13 (−15), much shorter and fainter than both regular and faint/peculiar type-Ia SNe. We show that the spectra of RRTs share some similarities with rapidlyevolving transients such as SN2010x, though RRTs are significantly fainter, especially in the I/R bands, and show far stronger Si lines. We estimate that the upcoming Large Synoptic Survey Telescope could detect RRTs at a rate of ∼ 10 − 70 yr −1 , through observations in the R/I bands.