Trustee's Sale

A Foreclosure Sale conducted by a trustee under the stipulations of a Deed of Trust. When a deed of trust is exercised, a specific trustee is designated. Upon default, the trustee is authorized to foreclose the mortgage and put the property up for a trustee's sale. The proceeds of the sale are distributed by the trustee according to the priorities listed in the deed of trust.

A Foreclosure Sale conducted by a trustee under the stipulations of a Deed of Trust.
Example: When a deed of trust is exercised, a specific trustee is designated. Upon default, the trustee is authorized to foreclose the mortgage and put the property up for a trustee's sale. The proceeds of the sale are distributed by the trustee according to the priorities listed in the deed of trust.