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Title Holding Trust at Trustee Sale

Posted by Mark on May 09, 2002 at 4:07 PM

I am getting ready to purchase a property at the trustee sale (assuming it goes below my max bid price) and just have a couple of questions. I buy the property using cashiers checks (made out to me in doubled up denominations) and endorse them over to the auctioneer? Do I then give the auctioneer the name of my Title Holding Trust such as "2 East Sandbridge Trust" and then follow the steps required to form the Title Holding Trust (I purchased Bronchick's Land Trust kit)?

Also, is there any way of camouflaging the insurance change to avoid the "subject to" loan call when you buy at the trustee sale or do you just send in the payments to cure the loan?

Thanks, Mark


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