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what happens at trustee sales | Print |

What happens at a trustee sale?

Trustee sales are advertised in advance and require an all-cash bid. The sale is usually conducted by a sheriff, a constable or lawyer acting as trustee. This kind of sale, which usually attracts savvy investors, is not for the novice.
In a trustee sale, the lender who holds the first loan on the Salt Lake City, UT property starts the bidding at the amount of the loan being foreclosed. Successful bidders receive a trustee's deed.


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Last Updated ( Wednesday, 30 July 2008 )
 
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