When may a trustee’s sale be used?
August 11, 2022
By Site Producer Attorney & Retired Law Professor
Any delinquency can lead to a foreclosure or trustee’s sale being initiated by the lender.
If you purchased a house and signed a Deed of Trust giving a lender a security interest in it, the lender can begin the process of selling the house at a Trustee’s Sale I f you are in default. Default is when you do not perform what you promised to when the loan was given–the legal process can begin. This usually occurs when you become behind on your payments. It could also happen if you don’t pay your property insurance or real estate taxes, or if you don’t keep the property in good repair.
About the Author: Site Producer
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*
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