One can purchase trustee sale, such as foreclosure property. One important thing to note about buying the trustee sale, it is a cash only type of purchase.
Notice of trustee sale
The chief administrative officer of a township is a Trustee.
auction
I believe it stands for the "Trustee Sale" number of a foreclosure.
30 days
you have 3 days unless you negotiate with the new owners. Also, moving after the trustee sale is tricky because essentially everything in the home now belongs to them. It's smarter to move out before the sale.
It depends on the terms outlined in your father's trust. If the trust grants the trustee the authority to sell the house without beneficiary consent under certain circumstances, then the trustee can proceed with the sale. However, if the trust requires beneficiary consent for the sale of the house, then the trustee would not have the authority to sell it without that consent.
You need to contact the trustee of the trust and ask about purchasing the property. The trustee has only those powers outlined in the trust document. The trustee must have the power of sale in order to sell the property to you.
A trustee sale is a public auction at which a piece of real estate is sold. Trustee sales are held when people default on their mortgages and the lenders take possession of the property, and they are also held when people fail to pay their property taxes and the taxing authority takes the property. Such sales are usually listed in the newspaper so that members of the public are aware of the fact that property is available for sale. In the case of mortgaged properties, when someone mortgages a property, part of the agreement involves a clause which allows the lender to foreclose on the property if the borrower does not pay. When property is foreclosed, a person is appointed to act as a trustee to handle the repossession of the property and the sale at auction. The purpose of the trustee sale is to collect the balance of the loan. Tax auctions are held for similar reasons.
Depending on what type of property it was that was sold by the 'trustee' the results will on file in either the Clerk of Court's Office, the Tax Office, or in the county real estate records.
Then it will go back to the beneficiary, the lender.