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Get the free FORM No. 885 – TRUSTEE’S NOTICE OF SALE

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This document serves as a formal notice regarding the foreclosure sale of a property where a trust deed has been defaulted on. It outlines the rights of the beneficiary, trustee, and residential tenants
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How to fill out FORM No. 885 – TRUSTEE’S NOTICE OF SALE

01
Step 1: Obtain FORM No. 885 from the appropriate regulatory authority or website.
02
Step 2: Fill in the legal description of the property involved in the sale.
03
Step 3: Include the name and address of the trustee responsible for the sale.
04
Step 4: Provide details about the trustee's authority to sell the property.
05
Step 5: Specify the date of the sale, time, and location.
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Step 6: Include any applicable information about the borrower and the loan in default.
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Step 7: Sign the form by the trustee.
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Step 8: Submit the completed form to the local county recorder’s office.

Who needs FORM No. 885 – TRUSTEE’S NOTICE OF SALE?

01
Creditors seeking to initiate a foreclosure process.
02
Trustees managing the trust related to the property.
03
Lenders enforcing their rights to sell defaulted properties.
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FORM No. 885 – TRUSTEE’S NOTICE OF SALE is a legal document used to notify interested parties about the sale of property under a trust deed, typically following a default on a loan.
The trustee or the authorized representative of the trustee who oversees the trust deed is required to file FORM No. 885 – TRUSTEE’S NOTICE OF SALE.
To fill out FORM No. 885, the trustee must provide specific information including the default details, the date and time of the sale, a description of the property, and any relevant trustor or beneficiary information as required by local regulations.
The purpose of FORM No. 885 is to officially inform interested parties, such as borrowers and creditors, about the impending sale of property due to default on a loan, ensuring transparency in the foreclosure process.
FORM No. 885 must report information including the name of the trustor, the trustee, and beneficiary, description of the property, details of the default, and the scheduled date and location of the sale.
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