PENDING TRUSTEE SALES

If you have reached this page without first reading the Instructions and Disclaimer you are to return to that page before continuing on.  

Unless stated otherwise, all sales will be held at the Maricopa County East Courthouse, 101 West Jefferson, on the east steps to the east entrance facing First Avenue, Phoenix, AZ.   Unless stated otherwise, all postponements are held at the office of the Trustee.

The Trustee, or her auctioneer, has the complete discretion to set specific rules and requirements related to the Trustee's sale auction.  See our auctioneer's outline.  Failure to comply with the rules and requirements will result in the Trustee or her auctioneer refusing to accept the offered bid or bids.  The Trustee, or her auctioneer, has the discretion to set minimum and maximum bid increments on all trustee's sales.  A maximum incremental bid of $2,000 applies to all trustee's sales of less than $250,000 principal.

In order to bid at the auction each bidder must present to the person conducting the trustee's sale a deposit of $10,000* cash or cashier's check (drawn on a national bank) payable to Law Office of D.L. Drain, P.A.  No other form of deposit will be accepted.  Every bidder must identify the name of the person or entity that will be named as Grantee on the Trustee's Deed, no substitutions shall be permitted.  

By participating in any trustee's sale conducted by or on behalf of our office you are agreeing:
(1) to comply with all terms of the auction and any requirements set forth herein or at the time of the auction. 
(2) that such terms and conditions are binding upon those that you are acting as agent for and upon those who may take title to the property after the sale.
(3) that all properties are sold "as is" with no warranty as to condition or covenants as to title.
(4) If you do not agree with these conditions, then your sole remedy is not to participate in the trustee's sale.
(5) that should any you or any entity or person you are acting on behalf of, bring an action against the Trustee, and/or the Trustee's auctioneer or agent, then such bidder and/or entity bringing such action shall be responsible to the Trustee, and/or the Trustee's auctioneer or agent, for all fees and costs incurred in defending such action.
(6) to all terms and conditions set forth in the auctioneer's outline and herein.

The following information is provided as a courtesy only and is believed to be accurate as of the time of publishing. Should there be any error or omission in the information it does not impair the effectiveness of notices given by statutory methods.  If you are uncertain as to the accuracy of the information you may contact the trustee by phone.  The credit bids provided are based on information that may change on the day of sale; therefore there may be a deviation in the actual amount used to open the bidding.  This deviation is not grounds for contesting the trustee's sale.

*After August 14, 2005 this bid amount was changed from $1,000. - The big trustee investors - aka "big bullies" - forced this unreasonable amount through the legislature in 2005.  This is obviously a blatant move to force small investors out of the bidding process.  Please don't let them win.  Come, bid and make the bullies pay the amount they should be paying for these properties.  Join together to make sure that all trustee's sales are attended.  Say "no" to these bullies!.  If you want to change this law, then go to the legislature.  Also, make sure whatever arrangements these bullies are working out with the trustees are the same as what they will work out with you.  If not, file injunctions to enjoin the sale - this is a blatant attempt to circumvent the statutes and chill the bidding process.