Stage 4 of 4 · The Sale and What Follows
Trustee's Sale
The public auction conducted by the trustee under a deed of trust to sell the property to the highest bidder.
- In plain English
- The trustee's sale is the auction itself in a nonjudicial state. It happens at the time and place the notice named, usually outdoors, and it is over in minutes.
- Example
- A trustee reads the property description on the courthouse steps, opens at the lender's figure, and the gavel falls in under two minutes.
- Why it matters
- Title changes hands here, and everything a borrower could have done to keep the house ends the moment the bidding closes.
- Remember it as
- Two minutes on the steps.
Where it lands in the timeline
Stage 4: The Sale and What Follows
The gavel falls in minutes, but the money, the move and even the tax bill keep arriving long after, so this phase covers what the sale leaves behind.