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.
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
auction
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.
I believe it stands for the "Trustee Sale" number of a foreclosure.
30 days
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.
After a trustee sale, the property is typically sold to the highest bidder, which may be the lender or another buyer. The new owner receives a trustee's deed, transferring ownership. If the borrower still occupies the property, they may face eviction proceedings. Additionally, the borrower might be liable for any remaining mortgage balance if the sale price was less than the owed amount.
A trustee sale is a public auction of property that occurs when a borrower defaults on a mortgage, allowing the lender to recover the owed amount. The property is sold by a trustee, who is typically a third-party entity appointed to handle the sale, and the proceeds are used to pay off the outstanding loan balance. This process is often part of a non-judicial foreclosure, meaning it doesn't require court intervention. The winning bidder at the auction receives a trustee's deed, transferring ownership of the property.
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 officer facilitates the sale of properties in foreclosure, overseeing the auction process. They ensure compliance with legal requirements, manage notifications to concerned parties, and handle the bidding process. Additionally, they prepare and record the necessary documentation to transfer ownership of the property to the winning bidder. Their role is crucial in ensuring that the sale is conducted fairly and transparently.
If the person is deceased, you can contact the trustee if you know who the trustee is.