What is a Trustees Sale Guarantee report?
The Trustee’s Sale Guarantee (TSG) report provides the foreclosing trustee with the information necessary to process your foreclosure and guarantees the correctness of that information. It sets forth the record owners and lists all exceptions of record against the secured property. It provides the names of those who are to receive notices and the name of the newspaper in which the trustee must publish. The TSG is provided by a title company in the county where the property is located. When you receive your copy from the trustee, you should be alert to certain items: • New Owners. • Delinquent real estate taxes. • Notice of default recorded by a senior deed of trust. You should contact the senior beneficiary to determine if their loan is still delinquent. • Federal (IRS) tax liens recorded. • Bankruptcy. • Lis Pendens. This provides constructive notice of pending litigation, the outcome of which will not be affected by the foreclosure. • Notice of substandard dwelling. • Any irregularit
The Trustee’s Sale Guarantee (TSG) report provides the foreclosing trustee with the information necessary to process your foreclosure and guarantees the correctness of that information. It sets forth the record owners and lists all exceptions of record against the secured property. It provides the names of those who are to receive notices and the name of the newspaper in which the trustee must publish. The TSG is provided by a title company in the county where the property is located.
