Our trustee sales attorneys at Provident Law® regularly handle all aspects of trustee sales, whether resulting from judicial foreclosure or non-judicial proceedings. With our decades of experience as Arizona real estate lawyers, we have conducted numerous trustee sales statewide on behalf of creditors to recoup their investment after a borrower defaults. In conjunction with your trustee sale, we also can represent your interests in any related legal needs.
We can consider your case and determine the most expedient manner for pursuing your entity’s real estate investment when a default occurs. Every situation is different, so we must consider the best strategy to meet your needs and obtain maximum results with efficiency and cost-effectiveness.
Conducting Trustee Sales After Default
When a borrower defaults or fails to pay a mortgage loan, lenders can choose a trustee sale, which is a non-judicial mortgage foreclosure mechanism. A trustee sale bypasses the judicial system altogether, which often makes it quicker and less costly.
We will issue a notice of trustee sale 90 days before the date the sale is to occur. The notice requirements for a trustee sale are complex, involving a combination of recording, mailing, posting, and newspaper publication. Strict adherence to statutory requirements is key to avoid errors from adversely affecting the validity of the sale.
The trustee then conducts a public auction, taking bids for the real estate in question. The highest bidder takes ownership to the property through a trustee’s deed. If no one bids on the property, the lender can claim the property.
From pre-sales requirements to the trustee sale process, a real estate attorney at Provident Law® can guide you through every step of the process. Our skilled team of attorneys can evaluate your case, determine the best course of action, and promptly handle disposition of the real estate secured by the mortgage loan that now is in default. Together, we can examine all available options and begin the process necessary to recover your investment. We keep you informed from the outset of the process to its conclusion, handling not only all details of the trustee sale, but any legal issues that arise in conjunction with the sale.
Contact Provident Law® to Handle Your Trustee Sale
We understand that your primary consideration when borrowers default is to safeguard your investment. Our goal is to help you recoup the maximum amount of your investment in the subject real estate as quickly and efficiently as possible.
While many attorneys handle real estate transactions, trustee sales require specific knowledge that many attorneys lack. Our years of experience representing creditors in trustee sales and foreclosure proceedings enable us to provide you the prompt and attentive service that you need and deserve. Lenders, investors, title companies, and foreclosure companies appreciate our high level of individualized customer service. They also value our ability to handle a wide range of trustee sale services for lenders throughout the state of Arizona for both smaller and more high-volume clients.
Lenders seeking to maximize recoveries on defaulted loans can entrust Tatman Legal for premier nonjudicial foreclosure services. We serve as a dynamic augmentation of your team, delivering all-inclusive solutions and consistent communication from the initial pre-foreclosure stages of notice through to the trustee’s sale. Our team provides quick turnaround/responses for our clients and attorneys are readily available to answer questions.
Contact Provident Law® online or call (480) 388-3343 today to consult with one of our experienced Arizona real estate lawyers.