Title
Evidence of a person's right to a property (i.e., a deed).
Trustee
The party who holds title to a property in trust for the benefit of another. The trustee's most common functions are: 1) to process a full (when loan is paid off) or partial (when a portion of the property is being released) reconveyance. and 2) to process a non-judicial foreclosure and process a trustee's sale.
Trustee's deed upon sale
A document signed and recorded by the trustee transferring ownership of the property to the purchaser at a trustee sale.
Trustee's sale
A public auction property sale, described in a Notice of Trustee's Sale.
Trustor
The borrower or owner at the time the deed of trust is created.
Upset bid
A recorded bid placed after a foreclosure sale has ended that is higher than the highest bid received at the actual foreclosure sale.
Writ
An order or mandatory process in writing issued in the name of a court or judicial officer commanding the person to whom it is directed to perform or refrain from performing a specified act.
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