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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Auction.com Trustee Sales - Legit? Posted by 427 on June 25, 2011 at 2:59 PM Any thoughts on this? It doesnt seem like it could actually be a trustee sale. A few questions- -Why are trustee sales usually held at the courthouse steps? Why not usually someplace else? -Is the sale final or not at auction.com "trustee sales"? I have heard that there are shill bidders, loud music, lots of distractions. If no one buys the property, does it go back to the bank to become a bank owned REO or does it go to another "Trustee Sale" at the next auction.com auction. -What is the definition of a trustee sale, what elements need to exist to be a trustee sale? To me you need- A bank files a default, then files a notice of trustee sale. On auction day, the sale can take place or not take place. If the sale takes place, it is final. The results of a sale that takes place could be -sold to 3rd party or sold to beneficiary Any thougths appreciated Follow Ups: Re: Auction.com Trustee Sales - Legit? GJ 8:54 AM, 06/30/11 (4) Re: Auction.com Trustee Sales - Legit? 427 12:26 AM, 06/30/11 (3) Re: Auction.com Trustee Sales - Legit? Bukzin 4:58 AM, 07/01/11 (2) Re: Auction.com Trustee Sales - Legit? GJ 11:02 AM, 07/01/11 (1) Re: Auction.com Trustee Sales - Legit? Jeff 4:36 AM, 07/05/11 (0) Wasted my gas Skimmer 9:36 PM, 06/29/11 (0) They have sales supposed to be "sold" but come back later. newbie 10:50 PM, 06/28/11 (2) That's simple Common Sense 4:16 AM, 06/30/11 (1) Re: That's simple 427 8:00 AM, 06/30/11 (0) Re: Auction.com Trustee Sales - Legit? Dond 3:18 AM, 06/27/11 (6) Re: Auction.com Trustee Sales - Legit? larrywww 8:23 AM, 06/28/11 (1) Re: Auction.com Trustee Sales - Legit? 427 6:10 PM, 06/28/11 (0) Re: Auction.com Trustee Sales - Legit? 427 3:18 PM, 06/27/11 (3) Re: Auction.com Trustee Sales - Legit? dond 4:42 PM, 06/27/11 (2) Re: Auction.com Trustee Sales - Legit? 427 6:11 PM, 06/28/11 (1) Re: Auction.com Trustee Sales - Legit? Monrovia Dave 10:22 PM, 06/28/11 (0) Are they going to keep doing them? BIG 9:36 AM, 06/26/11 (1) Re: Are they going to keep doing them? JK (the other JK) 12:18 AM, 06/26/11 (0) Re: Auction.com Trustee Sales - Legit? GJ 9:28 AM, 06/26/11 (0) Re: Auction.com Trustee Sales - Legit? Nick 0:37 AM, 06/26/11 (1) Re: Auction.com Trustee Sales - Legit? 427 5:04 PM, 06/26/11 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Any thoughts on this? It doesnt seem like it could actually be a trustee sale. A few questions- : -Why are trustee sales usually held at the courthouse steps? Why not usually someplace else? : -Is the sale final or not at auction.com "trustee sales"? I have heard that there are shill bidders, loud music, lots of distractions. If no one buys the property, does it go back to the bank to become a bank owned REO or does it go to another "Trustee Sale" at the next auction.com auction. : -What is the definition of a trustee sale, what elements need to exist to be a trustee sale? : To me you need- : A bank files a default, then files a notice of trustee sale. On auction day, the sale can take place or not take place. If the sale takes place, it is final. The results of a sale that takes place could be -sold to 3rd party or sold to beneficiary : Any thougths appreciated [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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