What a Trustees Sale Is and when it applies
A Trustees Sale is a public auction of real property conducted under a recorded deed of trust after a borrower’s default, commonly used in non-judicial foreclosure states to satisfy a secured debt. The trustee—typically a title company, bank, or appointed third party—conducts the sale following statutory notice and publication procedures. Documents associated with a Trustees Sale (for example, Notice of Trustee’s Sale and Trustee’s Deed) identify the borrower, beneficiary (lender), trustee, legal property description, sale date and location, and any opening bid or redemption information required by state law.