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Post-Auction Bidding

Trustee’s Sale No.Property AddressDate of Trustee’s SaleHighest Bid at Trustee’s Sale Last Day to Submit LOILast Day to Submit a Bid
23-11-9912878 Crystal Ridge Road, Diamond Bar, CA 9176504/18/2024$2,630,264.3305/03/202406/03/2024
23-09-986 5661 62nd Street, Sacramento, CA 9584202/01/2024$324,100.0002/15/2024
03/16/2024
23-09-9851385 Old Mill Road, San Marino, CA 9110802/29/2024$1,401,775.0003/15/202404/15/2024
End of List

The trustee’s sale(s) shown above pertain(s) to residential properties consisting of one to four units and the highest bidder at the Trustee’s Sale is not a “prospective owner-occupant” as defined by California Civil Code 2924m(c)(1). 

If you believe you qualify as an “eligible tenant buyer” or “eligible bidder” as defined in Civil Code 2924m,  you should contact an attorney or a real estate professional for advice regarding your rights to purchase the property after the auction, and timely send either a non-binding written notice of intent to bid or a bid to Lender’s Foreclosure Services. 

Requirements for a Written Notice of Intent to Place a Bid

A written Notice of Intent to Place a bid shall meet the following requirements:  

1.  Be sent to the trustee by certified mail, overnight delivery, or other method that allows for confirmation of the delivery date.

2. Be accompanied by an affidavit or declaration, pursuant to Section 2015.5 of the Code of Civil Procedure, identifying the category set forth in CCC Section 2924m paragraph (3) of subdivision (a) to which the person submitting the bid or nonbinding written notice of intent belongs and stating that the person meets the criteria for that category. The trustee may reasonably rely on this affidavit or declaration.

3. Be received by the trustee no later than 5 p.m. on the 15th day after the trustee’s sale.

4. Contain a current telephone number and return mailing address for the person submitting the bid or nonbinding written notice of intent.

Specific Requirements for Eligible Tenant Buyers

A bid by an “Eligible Tenant Buyer” shall be in an amount equal to the full amount of the last and highest bid at the trustee’s sale and meet the following requirements:

1.  Be in the form of cash, a cashier’s check drawn on a state or national bank, a cashier’s check drawn by a state or federal credit union, or a cashier’s check drawn by a state or federal savings and loan association, savings association, or savings bank specified in Section 5102 of the Financial Code and authorized to do business in this state.

2. Be sent to the trustee by certified mail, overnight delivery, or other method that allows for confirmation of the delivery date.

3. Be accompanied by an affidavit or declaration, pursuant to Section 2015.5 of the Code of Civil Procedure, stating that the persons represented meet the criteria set forth in CCC Section 2924m paragraph (2) of subdivision (a), and that the persons represented are all of the eligible tenant buyers. The trustee may reasonably rely on this affidavit or declaration.

4. Be received by the trustee no later than 5 p.m. on the 15th day after the trustee’s sale; or no later than 5 p.m. on the 45th day after the trustee’s sale, if at least one of the eligible tenant buyers submitted a nonbinding written notice of intent to place a bid within 15 days after the trustee’s sale.

5. Contain a current telephone number and return mailing address for the person submitting the bid.  

Specific Requirements for Eligible Bidders

A bid by an “Eligible Bidder” shall be in an amount which exceeds the full amount of the last and highest bid at the trustee’s sale  and meet the following requirements:

1. Be in the form of cash, a cashier’s check drawn on a state or national bank, a cashier’s check drawn by a state or federal credit union, or a cashier’s check drawn by a state or federal savings and loan association, savings association, or savings bank specified in Section 5102 of the Financial Code and authorized to do business in this state. 

2. Be sent to the trustee by certified mail, overnight delivery, or other method that allows for confirmation of the delivery date.

3. Be accompanied by an affidavit or declaration, pursuant to Section 2015.5 of the Code of Civil Procedure, identifying the category set forth in CCC Section 2924m paragraph (3) of subdivision (a) to which the eligible bidder belongs and stating that the eligible bidder meets the criteria for that category. The trustee may reasonably rely on this affidavit or declaration.

4. Be received by the trustee no later than 5 p.m. on the 45th day after the trustee’s sale, if the eligible bidder submitted a nonbinding written notice of intent to bid.

5. Contain a current telephone number and return mailing address for the person submitting the bid.

As of 5 p.m. on the 45th day after the trustee’s sale, if one or more eligible bidders has submitted a bid that meets the conditions in this paragraph, the eligible bidder that submitted the highest bid shall be deemed the last and highest bidder pursuant to the power of sale.