If you are buying on the courthouse steps, the simple answer to your question is NO. The trustee has no obligation to protect the bidder/buyer. That is why I caution amateurs from buying at the Trustee Sale. This is a place for experienced investors, who make their living based on volume. They also have a full team backing them up like (1) a great title officer or attorney who has done the title search; (2) people on the ground door knocking the house before the sale date to gather as much information on the home and occupants as possible; (3) people on the ground on the day of sale, making sure the kitchen and bathrooms are not, currently or in the past few days, walking out the door with the home owner; (4) and a whole bunch of others like contractors, realtors, and other professionals who are feeding them information about values, repairs, etc.
If you read through trulia posts you will find horror stories about people who bought the 2nd or 3rd TD on the property at auction and then lost their entire investment when the 1st foreclosed or people who thought they were getting a great deal only to find out that property taxes had not been paid for 6 years and the home was going to tax sale or any other number of tales. Beware of thinking that buying at the Trustee Sale is such a great deal. Even the experienced investors lose money on a percentage of their deals. They make up for it in the volume and the averages.
Hope this helps. If you have further questions, please feel free to contact me. Dare to Dream.
Shel-lee Davis, QSCÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
Short Sale & Foreclosure Resource â€“ SFRÂ®
Certified HAFA Specialist â€“ CHSÂ®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty