Contact Information

Clyde Brown
Legacy Real Estate & Associates
41111 Mission Blvd
Fremont, Ca, 94539
Office: 800-839-0665
Cell: 510-371-4237
Clyde@ClydeBrownHomes.com
http://www.ClydeBrownHomes.com
Lic. #: 01368975
What Happens attrustee Sales | Print |


What happens at a trustee sale?


Trustee sales are advertised in advance and require an all-cash bid. The sale is usually conducted by a sheriff, a constable or lawyer acting as trustee. This kind of sale, which usually attracts savvy investors, is not for the novice.
In a trustee sale, the lender who holds the first loan on the Fremont property starts the bidding at the amount of the loan being foreclosed. Successful bidders receive a trustee's deed.

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Last Updated ( Sunday, 14 June 2009 )
 
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