Title: What Happens at a Trustee's Sale of a Home? | Pocketsense
Headings: What Happens at a Trustee's Sale of a Home?
What Happens at a Trustee's Sale of a Home?
Pre-Sale
Registration
Bidding Process
After the Sale
Considerations

Content: The person with the highest bid must make a check for the bidding amount to the trustee within a certain time frame, which varies by state. After the Sale
Once the trustee sale is complete, the property deed is recorded in the new owner's name. The winning bidder can take immediate possession of the property. If the previous owner or rental tenants are present, they must vacate the property and remove all personal belongings. If the current occupants fail to leave the premises, the new owner has the right to begin an eviction process and have them removed. Considerations
The original borrower may reinstate the mortgage by bringing the mortgage current. If the property owner does this before the trustee sale, the foreclosure process ends and the original borrower can remain in the home. Once the mortgage is reinstated, the lender must notify the trustee. The trustee must then terminate the property sale. References
FindLaw.com: