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Posts Tagged "trustee"


  • Buying a home at trustee’s sale in Washington State

    November 9, 2010 /
    Pickett Street Properties Team /

    Remember 2006? When there were basically only two types of real estate to buy - resale or new construction? Most people, including real estate agents, hadn't even heard of short sales, and bank-owned properties made up such a small percentage of the market that finding one was a little like hunting a rainbow. It's a different time, and our team has done our best to diversify. It started by educating ourselves on the short sale process, extended into representing local and national banks on marketing their foreclosures, and in the last six months we've developing an effective system of representing buyers purchasing properties at  trustee's sale in King and Snohomish Counties. What is a Trustee's Sale? Sometimes generically referred to as auction, county auction, sheriff's sale, or foreclosure auction, trustee's sales are the natural process in our state for foreclosing on a home. There are two types of foreclosures in our country, either judicial or non-judicial. Judicial foreclosures require banks to go through the court system to foreclose on a property - non-judicial foreclosures, like those in Washington State - don't go through the court system, but instead follow a set of established laws and notices that eventually lead to…Read more