FAQ: Will they accept my personal check for a Maryland trustee sale deposit?

Education & Training with Realty Group Referrals 16766

Will they accept my personal check for a Maryland trustee sale deposit?

When you attend a Maryland trustee sale at the county court house, the auctioneer will read the advertisement that provides the terms of the sale.  The required deposit must be in cash or certified funds.  So, personal checks are not acceptable.

Most of the investors that attend trustee sales will have Cashier's checks in various amounts so they can match them up for the required deposit.  The amount of the deposit for each property will be stated in the advertisement that appears in a newspaper one time a week for three weeks before the sale date.  The major trustee sale auctioneers also post their auction schedules and the required deposits on their websites.

The Cashier's checks should be payable to the person that will be attending the sale and bidding on properties.  When a bid is successful, the Cashier's check will be endorsed and handed to the auctioneer.  The auctioneer will provide a copy of the written verification of the sale amount and the deposit on hand.

FAQ: Where are the lists of Maryland trustee sales?

FAQ: Do I need a pre-approval letter to bid on a trustee sale? 

FAQ: Where are the advertisements for Maryland trustee sales?

FAQ: Are Maryland trustee sale properties available for viewing? 

FAQ: Do I need a buyer agent to purchase at a Maryland trustee sale?


Dahlia, Kentlands, Spring Flowers IMG_0935 A

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Posted by

Roy and Dolores Kelley Photographs

Roy Kelley and Associates


Roy Kelley, Associate Broker

Realty Group Referrals

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message to RoyKelley@mris.com if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Industry
Maryland Montgomery County
Great Shots!
Wordless Wednesday
foreclosure auctions
maryland trustee sales
roy and dolores kelley photographs

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Roy - this is excellent information.  Being prepared is important if they are serious buyers.  Have a great day!

May 30, 2012 11:34 AM #1
Kasey & John Boles and the team at Jon Gosche Real Estate, LLC
Jon Gosche Real Estate, LLC, Boise ID - Boise, ID
Boise, Meridian, Ada/Canyon/Gem/Boise Counties

Roy, this really is a fantastic series on Trustee sales.  Great information for your Maryland buyers.  -Kasey

May 30, 2012 03:00 PM #2
Chris Smith
Re/Max Chay Realty Inc., Brokerage - New Tecumseth, ON
South Simcoe, Caledon, King, Orangeville Real Esta

Roy, is a trustee sale a court appointed sale due to delinquent taxes or something similar?

May 30, 2012 03:56 PM #3
Robert (Bob) Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX Real Estate Expert


Good explanation of the Maryland Trustee sale and use of personal checks. I think it is safe to assume these days that personal check are usually not accepted.

We just got back from vacation late yesterday and I have not been active in AR for several days. I have to get back into the swing of things.

May 30, 2012 04:00 PM #4
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks for your comments.

Chris:  A trustee sale in Maryland is a foreclosure auction. The mortgage is in the form of a deed of trust.  When the mortgage borrower defaults, the lender will instruct the trustee under the deed of trust to conduct a trustee sale.

Inticancha Navajo Princess Lily, Kentlands, Spring Flowers IMG_0911

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

May 30, 2012 04:04 PM #5
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

I've never had the opportunity to attend a trustee sale.  It must be quite a site to see!

May 30, 2012 04:42 PM #6
Wayne Martin
Wayne M Martin LLC - Sarasota, FL
Real Estate Broker

Given the amount of check fraud it won't be long before they look for an alternative. Keep up your good work of taking us through the trustee sale process in Maryland. Enjoy your day!

May 31, 2012 04:00 AM #7
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Roy, This is a nice series on Trustee Sales in Maryland and looks like a buyer must be prepared for any amount that might be the accepted offer...

May 31, 2012 04:02 AM #8
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

I always appreciate your comments.  Hopefully, this series of posts on trustee sales will encourage more to learn about the process.

May 31, 2012 05:32 AM #9
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Roy Kelley

Roy and Dolores Kelley Photographs