Submitted by Charles Koppa The auctioneer represents the “beneficiary” in the sale.. If there is a “reserve amount minimum” (see below) the auctioneer actually bids up as agent for the unnamed beneficiary! The recipient “beneficial trust” is finally publically identified and documented by the Foreclosing Trustee in the recorded Trustees Deed Upon Sale.  Try to find a […]

Tags: Auction, auctioneer, Back to Beneficiary, beneficial trust, beneficiary, due process, foreclosing trustee, HERS, lack of notice, notice, party in interest, reserve amount minimum
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