Trustee Sales

    Investing in Real Estate

    Foreclosures

     

    What are trustee sales?

    Trustee sales are advertised in advance and require an all-cash bid. A sheriff, a constable or lawyer acting as trustee usually conducts the sale. 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 property starts the bidding at the amount of the loan being foreclosed. Successful bidders receive a trustee’s deed.

    · Are foreclosures a good investment?

    · Are there different types of foreclosures?

    · How do I find a foreclosed property?

    · How does HUD affect my buying a foreclosure?

    · Where do you find government foreclosed homes?

    · Can I get financing on a foreclosure?

    · What are trustee sales?

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