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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