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After the Sale
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A Trustees Deed Upon Sale is prepared after the sale is completed. This Deed transfers title to the successful bidder or beneficiary. The Deed must be signed by the Trustee, acknowledged by a notary public and recorded. After the Deed has been recorded it is forwarded to the party who purchased the property at the Trustees Sale auction.
There is no right of redemption after a Trustee's Sale and the successful bidder is entitled to immediate possession. The one exception is the right of federal government to redeem, with full payoff to the successful bidder, if a federal tax lien has been recorded against the property and is subsequent to the deed of trust being foreclosed. IRS redemption rights elapse four months after the Trustees Sale.