Topic: How Do I Buy a House at a Trustee's Sale
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Answers to Common Questions
What is a Trustee Sale?
A trustee sale is a sale organized by the trustee of an estate. The items in the sale are sold to the highest bidder in a public auction. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_trustee_sale
What Happens at a Trustee's Sale of a Home?
A trustee sale is a public auction of real estate in which the owner is in default on the mortgage. The trustee facilitates the foreclosure process on behalf of the lender or mortgage company. A trustee sale typically marks the end of the f... Read More »
Source: http://www.ehow.com/info_12143204_happens-trustees-sale-home.html
What is a Trustee's Deed Upon Sale?
Simply put, a Trustee's Deed Upon Sale, also known as a Trustee's Deed Under Sale or merely a Trustee's Deed, is a deed of foreclosure. A Trustee's Deed Upon Sale is prepared after the foreclosure sale of a property and recorded in the land... Read More »
Source: http://www.ehow.com/facts_4963357_what-trustees-deed-upon-sale.ht...
More Common Questions
Answers to Other Common Questions
A short sale on a house is selling it for less than what is owed on the house. The sales price will be short of the mortgage balance. If the lender approves the short sale then the owner will not be responsible for the difference.
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Source: http://answers.ask.com/Business/Finance/what_is_a_short_sale_on_a...
You can buy a home that is for sale by owner just the same as if an agency had it. The only difference is the owner is listing the house for sale. I would suggest a home inspector to find out exactly what you are buying though.
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Source: http://answers.ask.com/Business/Other/how_to_buy_a_house_for_sale...
Homeowners may face events beyond their control that can make it difficult to pay mortgage payments on time. As stressful as this can be, the key to stopping a foreclosure begins with contacting the lender as soon as possible, before the fo...
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Source: http://www.ehow.com/how_5901177_stop-foreclosure-trustee-sale-evi...
You can check out the real estate website to find the perfect home for you. It takes some time but I am sure you will find your dream house for sale.You can find more information here: http://www.realestate.com/...
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Source: http://answers.ask.com/Business/Real_Estate/where_can_i_find_a_ho...
You can look at houses that are for sale by visiting a realtor's office and looking through their MLS listings. You can also do a search on the internet for sites that have homes for sale, so you can see the pictures.
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Source: http://answers.ask.com/Business/Real_Estate/where_can_i_look_at_h...
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.
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Source: http://wiki.answers.com/Q/How_long_do_you_have_to_move_out_of_you...
It's when the trustee opens the bid at one price but is willing to keep bidding to a higher amount on behalf of the bank.
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Source: http://wiki.answers.com/Q/What_is_a_tiered_bid_at_a_trustees_sale
