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.)
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?