What happens at a trustee sale?
Trustee sales are advertised in advance and require an all-cash bid. The sale is usually conducted by a sheriff, a constable or lawyer acting as trustee. This kind of sale, which usually attracts savvy investors, is not for the novice.
In a trustee sale, the lender who holds the first loan on the Dallas Georgia Homes & Rockmart GA Homes property starts the bidding at the amount of the loan being foreclosed. Successful bidders receive a trustee’s deed.