The purchaser receives a trustees deed the title to the property gets into the name of the person or entity that purchases the property at the foreclosure auction
An auction is a sales event in which potential buyers competitively bid on assets or services in an open or closed fashion. Auctions are popular because buyers and sellers believe they can get a good deal when buying or selling assets. Bidders compete against each other, with each subsequent bid being higher than the previous one.
Buyers can bid according to the rules for each auction type, including B. Multiple Bid Procedure for English Auctions or Single Bid for Dutch Auctions. Sealed auctions and their similar variant, second-price sealed auctions, allow for a quick and easy bidding process.
Learn more about auctions here
https://brainly.com/question/20378829
#SPJ4
