A Trustee’s Sale is a public, open auction of the Trust Deed, or the loan, being foreclosed upon. Buying a home at a Trustee’s Sale is the most dangerous and potentially the most profitable way to buy San Mateo County real estate.
5 Things You Need to Know About Trustee’s Sales Before You Bid
Here are five things you need to know about Trustee’s Sales before you bid.
- Trustee’s Sales are ALL CASH
- The winning bidder takes the property subject to all senior liens
- No Inspections
- No Disclosures
- No Warranty
Why These Five?
To learn more about Trustee Sales and why these five things are important to you, watch our latest 3 Minute Coaching Moment with Raymond Stoklosa, Managing Broker and Co-Owner of The RayChel Realty Group.
The bottom line is Trustee’s Sales are complex, complicated and considered by most people to be a legal mine field. There is much more to learn and a lot more to know before you bid.
Want to Learn More?
To learn more about Trustee Sales, attend our webinar, Trustee Sales: The Most Profitable and Potentially the Most Dangerous Way to Buy San Mateo County Real Estate on Tuesday November 17th at 6pm. Sign up on our Trustee Sale webinar registration page.
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Raymond Stoklosa, Broker/Co-Owner
Chela Stoklosa, Realtor/Co-Owner
