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 ?
ARCUS foreclosed on the property, and it was sold at a trustee's sale on March 11, 2011, where ARCUS credit bid successfully for $1,502,686.30--a fraction of the total indebtedness of $4,029,718.99.
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.
In a nonjudicial foreclosure, the lender issues a notice of default to the borrower and, after a waiting period of almost four months, may sell the property at auction (trustee's sale).
The 'Thriller' singer's three-bedroom, three-bathroom property in Encino had been scheduled to be sold at a public auction on May 5, according to A Notice of Trustee's Sale filed on
Financial Title filed the notice of trustee's sale yesterday with Santa Barbara County Superior Court, setting the auction date for March19.
Financial Title Co filed the notice of trustee's sale with Santa Barbara County Superior Court, setting the auction date for March 19.
filed the notice of trustee's sale today with Santa Barbara County Superior Court, setting the auction date for March 19.
Several consignors objected to the Trustee's sale of their consigned goods.
Could a trustee's sale of property previously acquired in a related-party installment sale trigger the deferred gain to the original related seller?
The data offered in these states includes notice of default, notice of trustee's sale, trustee s deed upon sale and real estate- owned (REOs).
In this case, the trustee's sale of the property was not only for the debtor's benefit, but also for the benefit of creditors.