Real Estate Foreclosure Auctions

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A document of sale is recorded to provide public awareness of a default or foreclosure, In essence, recording the document of sale promotes transparency, protects involved parties' rights, and ensures the foreclosure process complies with legal and financial protocols.

The Recorder Office database provides recorded information about foreclosure auctions, where properties are sold to the highest bidder to recover unpaid debts, often due to mortgage defaults. These sales are typically conducted by a trustee—usually a neutral third party, such as a bank or trustee company—on behalf of the lender.

Here’s a breakdown:
• Trustee: A neutral third party authorized to handle the sale due to a loan default.

• Foreclosure: The sale occurs when a homeowner fails to meet mortgage terms, and the lender seeks to recover the debt.

• Auction: Properties are sold at a public auction, with the highest bidder often securing the property at a discount compared to its market value.

Trustee sales are common in non-judicial foreclosures, which don’t require a court order. If considering purchasing property at a trustee sale, it's important to note that these properties are typically sold "as-is," without warranties or guarantees.

For all other official records, copies may be obtained for a fee.

Tax Collector, Auction General Information here.

To view the Hollister Free Lance Classifieds here.