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Updated over 1 year ago on . Most recent reply

User Stats

114
Posts
29
Votes
Michael Morrongiello
  • Specialist
  • Napa, CA
29
Votes |
114
Posts

URGENT - Advertising an Upcoming Trustee Sale

Michael Morrongiello
  • Specialist
  • Napa, CA
Posted

We own a Defaulted 1st lien DOT & Note on an income producing apartment building that is currently bringing in about $11K GROSS income per month. The property is GREAT shape and was renovated within the last several years. The DOT & Note was purchased at a discount from its lender who wanted out.

A Trustee Sale is scheduled and while the Trustee per State Statute had to publish in the past the NTS - Notice of Trustee Sale we would like to get  FAR MORE EXPOSURE to entice potential bidders to show up at the  upcoming Trustee Sale auction and BID.

Q- Can we RUN or publish ADs in Craigs List, Next Door, , etc. or other online areas (open to suggestions) and also run some PAID for
Ads in the local newspapers PROMOTING the  upcoming Trustee Sale so we can GET a LOT of interest in the property?

Q- Since we are NOT the Trustee but now the Beneficiary (owner of the DOT & Note) Is there anything improper or potentially illegal in doing so?

TIME IS OF THE ESSENCE

  • Michael Morrongiello
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