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3925 NE 72nd Ave

Foreclosures

What happens at a trustee sale? (Back)

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 property starts the bidding at the amount of the loan being foreclosed. Successful bidders receive a trustee's deed.

© 1999 Inman News Features © Copyright 1999 CENTURY 21 Real Estate Corporation. All rights reserved.

CENTURY 21
Expert Realty
3925 NE 72nd Ave,
Vancouver, WA 98682
360-397-0021
1-800-777-7488 (long distance)

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