Here's explanation You might find in the local
newspapers. Some ads are more detailed and therefore much longer
than others. But the typical ad contains the information
described below.
1. Type of sale
2. Property Address
3. Description of Trust including balance, interest rate, and
date.
4. Deed book and page, from the land records, that describe the
trust.
5. Location and date of the sale.
6. Legal description of the property, and the book and page that
contains the street address.
7. Terms and conditions of the sale. (for example, foreclosure
properties are sold in "as is" condition.)
8. Properties are sold at auction as all cash deals with no
financing.
9. The deposit is a dollar amount or a percentage of the trust
balance. Personal checks are not accepted.
10. The remaining 90% of your bid is due in 30 days.
11. Name of trustees.
12. Name and phone number of the foreclosing attorney. This is
your primary contact for information about the property.