[hkk]

...auction and foreclosure? what's the difference between trustee sale, auction and foreclosure ?One of the houses we looking at is a trustee sale (but it doesn't say in the property information..we found it out when we tried to get a loan from the other broker.. ) .. The real estate guy accepted our offer and we got pre-approved for a loan. it seems too easy to us .. Did we miss something ? what do we need to know about a trustee sale ? thanks ..

[juliett858]

Trustee sale means that owner of the property is going through bankruptcy and the property is being sold as a part of bankruptcy by the trustee that is a person who is an employee of the court that is assigned to the case. Sorry have no clue on the time line