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Re: going to attend a trustee sale

Posted by steele in minnesota on March 26, 2007 at 12:14:27:

In Reply to: Re: going to attend a trustee sale posted by first_time_investor on March 26, 2007 at 08:22:14:

Not an expert in California, but understand that there is not a redemption per sec there. The opening bid at the auction is what the lender is owed. That includes the old mortgage, missed payments, late fees, attorney fees and any other costs involved with the foreclosure.

As most foreclosures are non-judicial what is owed (at least at the beginning of the advertising period) would be public record and in the appropriate newspaper. This would rise, of course, with any time lag on a daily basis right up to the auction date. I think you could call to get final numbers right before the sale or perhaps they post it somewhere.

Copy of the mortgage docs would do what for you? That's basically ancient news.

Not sure why you want that.

Steele

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