Frequently Asked Questions

1. What is the Posting of a Notice of Sale? The posting of a Notice of Sale involves legally notifying the public of a foreclosure event by physically affixing the notice at a specified location, which may include a public bulletin board or the property in question.

2. What entails the Publication of a Notice of Sale? The Publication of a Notice of Sale is the process of making the sale of a property public knowledge. This is done by announcing pertinent details such as the property description, sale parameters, location, starting bid amount, and the scheduled time of the sale.

3. What is a Trustee Sale? A Trustee Sale is an auction open to the public where real estate properties are sold by a trustee to the highest bidder.

4. What does Sale Postponement mean? A Sale Postponement occurs when the originally scheduled sale is delayed. An official announcement is made public, providing the new date, time, location, and the reason for the postponement.

5. Where are Trustee Sales conducted? Trustee Sales are conducted in the county and city where the property is located, as stipulated by legal adjudication.

6. What is a Bid in this context? During Trustee Sales, bidding starts with an opening minimum bid set by the Trustee and progresses through verbal offers to the auctioneer. Note that each bid is considered a binding, irrevocable offer.

7. What are the prerequisites for placing a Bid? To qualify for bidding, participants must present acceptable forms of payment to the auctioneer at the sale site. Acceptable payment methods include:

a. Cash

b. Cashier’s Check from a recognized state or national bank

c. Checks from a state or federal credit union

d. Checks from a state or federal savings and loan association, savings association, or savings bank as defined in Section 5102 of the Financial Code, authorized to operate in this state.

8. What does the "Cancelled" status indicate for a file? A "Cancelled" status on our site signifies that the property has been removed from the sale calendar following directives from the trustee. Consequently, it will not be auctioned on the previously scheduled date, time, and location.