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Beverly J. Stewart
CityWise Real Estate Service, LLC
650 E. Carmel Dr.
PO Box: 300
Carmel, In, 46032
Office: 317-848-2929
Cell: 317-514-9998
Fax: 317-843-2977
indyhome4u@ameritech.net
http://www.indyhomeliving.com
Lic. #: AB20200023

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what happens at trustee sales | Print |

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 Indianapolis Metrpolitan, Lawrence Township, and Suburban Areas property starts the bidding at the amount of the loan being foreclosed. Successful bidders receive a trustee's deed.


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Last Updated ( Wednesday, 30 July 2008 )
 
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