What Is Trustee's Sale?
In Tennessee, mortgages are typically structured as deeds of trust, which name a trustee who holds the power to sell the property if the borrower defaults. The trustee's sale is the auction that finalizes the foreclosure.
Tennessee's process (TCA §35-5-101) is fast and requires no court involvement. After the required notice and advertising, the trustee conducts a public sale, often at the county courthouse.
Because Tennessee provides essentially no post-sale redemption, the trustee's sale is effectively the point of no return. Homeowners facing a trustee's sale should explore a cash sale well before the scheduled date.
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