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trustee's sale

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trustee's sale

A foreclosure in a state that uses deeds of trust as a vehicle for granting rights in real property to be used as collateral for a loan.



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Any amount that you credit bid at the trustee's sale is deducted from the total amount owing.
That means if the property is sold at a trustee's sale, the new owner takes over your lease.
filed the notice of trustee's sale today with Santa Barbara County Superior Court, setting the auction date for March 19.
 
 
 
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