Closing after the Trustee Sale Auction

[Lang Le]

Beside Title search, Title insurance, Real estate tax, HOA fee, recording fee etc...do I have to prepare anything else for the closing after the Trustee Sale Auction ? If it is a cash transaction then how long is take for the closing ? Do I have to get my lawyer or the auction house (a law firm) will handle all these paper work ?

Thanks

[Chris Martin]

I'd follow @Wayne Brooks 's advice.

Some trustees, like Brock & Scott, operate in NC and GA. After completing the sale, in NC the trustee will only prepare a Trustee Deed. Hutchens will mail you the deed along with a check payable to the Clerk of Court equal to the amount of the recording fee. That's it. That is their only obligation.

You can get an attorney to "close" for you... meaning your attorney will do a Title search, get Title insurance, pay real estate taxes, HOA fees (if applicable), and record the deed. But what I (and others) do is have them do the title and lien search before you commit to paying the trustee. A sidebar: the attorney I use interfaces with the Trustee. From demand letter to deed recording, if you have ever had to deal with some of them (and I've dealt with a half dozen different ones) you will find that paying your attorney to handle the transaction is a worthwhile expense.  My opinion only.