
Quoting
Cozforus
My question involves a foreclosure in the State of California.
The final event in a non-judicial foreclosure is the trustee auction sale.
Let’s suppose that an individual is the successful bidder for a residential property and immediately gives a cashier’s check to the auctioneer and receives confirmation documentation in return.
Legally, when does title and legal ownership transfer from the foreclosed upon owner to the new owner?
1. On the day of the auction sale? _____
2. On the day that the trustees or sheriffs deed is recorded with the county? ______
Cast your vote if you know the legal answer.
Thanks.