Gem County Trustee Deed Upon Sale Form (Idaho)

The following Idaho and Gem County supplemental forms are included as a courtesy with your order:

When using these Trustee Deed Upon Sale forms, the subject real estate must be physically located in Gem County. The executed documents should then be recorded in the following office:

Local jurisdictions located in Gem County include:

• Emmett
• Letha
• Ola
• Sweet

The Idaho Trustee's Deed Upon Sale is codified at I.C. 45-1509.

A trustee uses a trustee's deed upon sale to convey real property sold at a trustee's sale following foreclosure under a deed of trust. A deed of trust is a security instrument that, along with a promissory note, sets out the terms for repaying a loan used to purchase real property. Some states use deeds of trust in the place of mortgages.

The three parties involved in a deed of trust are the lender, the borrower (the grantor under the deed of trust), and the trustee. The trustee is generally a title insurance agent who holds legal title to the real property until the borrower has fulfilled the obligation of the deed of trust. The borrower holds equitable title.

If the borrower defaults on the terms of the deed of trust, the trustee, under the direction of the lender, may act on the power of sale clause in the deed, and initiate non-judicial foreclosure proceedings on the property. Statutory requirements, including the mailing of notices of default and sale, must be met before a trustee's sale is held at public auction. See I.C. Title 45 for more information.

The trustee's deed names the trustee as the grantor and conveys title to the highest bidder at the sale. In addition to describing the real property being conveyed, the deed recites basic information from the deed of trust, including the date of the instrument, the grantor's name, and a reference to where the deed can be found on record. The trustee's deed also includes references to facts about the default and the trustee's sale itself, and is recorded in the county in which the subject property is situated (I.C. 45-1509).

The foreclosure process is complicated, and each situation is unique. Contact an attorney for legal guidance.

Our Promise

The documents you receive here will meet, or exceed, the Gem County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Gem County Trustee Deed Upon Sale form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

4.8 out of 5 - ( 4434 Reviews )