Posted by Kristine-CA on October 10, 2005 at 10:23:01:
In CA, the sale is called a Trustee’s Sale. No courts involved, no
judgements, no sheriff. The trustee, a third party designated in the
trust deed, is the one who holds the sale. In practice, when the need
arises the lender often substitutes a professional trustee’s sale
service–one that performs trustee’s sales full time (default notices,
sale notices, publications, hiring out or performing the actual sale, and
dispersal of funds.)
No courts, no laywers, no sheriff. Kristine
A sheriff involved in non-judicial foreclosures? - Posted by Tim
Posted by Tim on October 10, 2005 at 10:10:16:
Is there a Sheriff involved in non-judicial foreclosures? In other words, is the foreclosure date also called the Sheriff’s Sale in a non-judicial deed of trust state?
Thanks for the help.
non-judicial foreclosures? - Posted by Natalie-VA
Posted by Natalie-VA on October 10, 2005 at 17:41:02:
In Virginia, we also call them Trustee Sales.
Also, there is no notice of default that gets recorded here. I understand that might be very different in other states.