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Grant Deed Trust to Two Individuals Arizona Form

Grant Deed Trust to Two Individuals Arizona Form

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[Music] let's see what happens when a deed of trust is in default actually what happens is the lender has two choices the first choice that A lender can take is to foreclose it judicially go through a Judicial foreclosure and that would be the same as a mortgage foreclosure so we don't want to talk about that right now what we want to talk about is the second option which is the non-judicial Foreclosure sometimes called the trustee sale or the trustees power of sale and the first step in order to get this foreclosure going is for the lender the beneficiary to instruct the trustee to begin the Foreclosure once the trustee receives that written instruction the trustee then must record a notice of default and trustee sale that's an official document that names the date time and place of the trustee sale very shortly thereafter the trustee must send this notice a copy of this notice to the trustor to the borrower that's typically done certified mail importan

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