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Contact Information |
Olena M. Keene First National Realty 6423 Summer Gale Dr Memphis, TN, 38134
Office: 901-277-5324 Cell: 901-277-5324 Fax: 901-531-8084
Lic. #: 00289295 |
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what happens at trustee sales |
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What happens at a trustee sale?
Trustee sales are advertised in advance and require an all-cash bid. The sale is usually conducted by a sheriff, a constable or lawyer acting as trustee. This kind of sale, which usually attracts savvy investors, is not for the novice.
In a trustee sale, the lender who holds the first loan on the Memphis property starts the bidding at the amount of the loan being foreclosed. Successful bidders receive a trustee's deed.
Questions about Memphis Real Estate?
Ask us below or Call us Now at 901-277-5324
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Last Updated ( Tuesday, 29 July 2008 )
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