trustee's sale

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.

References in periodicals archive ?
Unfortunately, human nature being what it is, some delay too long, and find themselves facing the loss of everything in a trustee's sale auction.
McGee, "has always been to aid investors in locating troubled homeowners and help them sell their way out of foreclosure to conserve some equity for a new start, and avoid losing everything in a trustee's sale.
She went on to say that the firm's mission was to help investors locate troubled homeowners who were out of both options and time and enable them to sell their way out of foreclosure instead of losing everything at a trustee's sale.
That's much better than losing everything in a trustee's sale on the courthouse steps.
By the time they realize they must sell the house to avoid foreclosure, the trustee's sale is almost on top of them.
We help investors locate troubled homeowners to help them preserve some equity as cash for a new start, rather than just be wiped out in a trustee's sale auction on the courthouse steps," said Ms.
If all avenues to a solution are closed to a homeowner, and a sheriff's or trustee's sale looms," said McGee, "the property owner's best move is a quick cash sale to a distressed property professional.
Fidelity, through its principal subsidiaries, issues title insurance policies and performs other related services such as escrow, collection and trust activities, real estate information and technology services, trustee's sale guarantees, credit reporting, attorney services, flood certifications, real estate tax services, reconveyances, recording, foreclosure publishing and posting services and exchange intermediary services in connection with real estate transactions.
Fidelity, through its principal subsidiaries, issues title insurance polices and performs other title-related services such as escrow, collection and trust activities, real estate information and technology services, trustee's sale guarantees, credit reporting, attorney services, flood certifications, real estate tax services, reconveyances, recording, foreclosure publishing and posting services and exchange intermediary services in connection with real estate transactions.
However, lenders should be aware of at least one pitfall that can be encountered under the act when a lender assumes the value of its bid at the trustee's sale is of no legal significance.
Mortgage servicers have a partial safe harbor--they can remedy material violations before the trustee's sale deed is recorded.
Also, under the settlement agreement, a portion of the proceeds from the Chapter 7 Trustee's sale of the use rights -- 25% of net proceeds -- will be distributed to the City.