Should the undersigned become the last and highest bidder at the foreclosure sale, the Trustee is hereby authorized to transfer and assign said bid and to convey title to said foreclosed property to the Gulf Coast Baptist Association, Inc., or whomever the undersigned shall authorize. The statement in the Trustee’s Deed that the undersigned has requested transfer of its bid to grantee(s) in the Trustee’s Deed shall be binding on the undersigned and conclusive evidence in favor of the assignee or other parties thereto and that the Trustee is duly authorized and empowered to execute same.
Came out of a foreclosure notice////to me it means that the beneficiary (a church group)loaned money to another church and said churdh defaulted and beneficiary wants the property back and NOBODY except them can win at the sale.