Category: Glossary

VOIDABLE | a condition capable of being made void, although not necessarily void in itself.

VOID | having no legal force or binding effect. Incurable.

VALID | a condition that is legally sufficient; that will be upheld by the courts.

UNLAWFUL DETAINER ACTION (eviction) | a legal action to remove someone who has unjustly retained possession of real property after one’s right to possess has terminated.

TS138 | See “Transmittal Form.”

TRUSTOR | the borrower (or property owner) at the time the deed of trust was created. Trustor is often used to refer to the current owner.

TRUSTEE’S SALE PROCEEDING (foreclosure) | the term used to describe the non-judicial procedure followed by the trustee in enforcing a creditor’s rights when a debt secured on real property is in default.

TRUSTEE’S SALE GUARANTEE | A Title report given to the present trustee when a trustee’s sale proceeding has been initiated. This report provides the names of the current owner, all liens and encumbrances recorded and other information pertinent to the foreclosure process. The information is insured to be correct by the title company.

TRUSTEE’S SALE | the public auction of the real property, described in the deed of trust, to satisfy the unpaid obligation.

TRUSTEE’S DEED UPON SALE | a written document which is prepared and signed by the trustee when the secured property is sold at a trustee’s sale. This document transfers ownership to the successful bidder at the sale; must be recorded with the county recorder in the county in which the property is located.