How does the foreclosure sale work?
A Trustees Sale is an open public action and anyone who appears with a cashiers check or cash equal to the opening bid and any over bid may participate. C&H Trust Deed Service will represent you at the Trustees Sale. Prior to the sale, we will contact you to determine our bidding strategy. The minimum bid, or opening bid, is a credit bid on your behalf and usually covers all monies owed to you along with our fees and costs. If an outside bidder presents cashier’s checks in an amount not less than the designated opening bid, they will become the new owner of the property. You can also try to acquire the property by depositing additional funds with C&H Trust Deed Service for use as a “proxy bid”. C&H Trust Deed Service would then use these funds to bid against any outside bidder up to your pre-determined amount. It is impossible for C&H Trust Deed Service to know prior to the sale what may occur or whether or not third party bidders will be present at the auction. After the sale, C&H Tru
