I am interested in bidding on some properties at auction. Do I make the $10,000 cashiers check out to the lender or to the trustee
Most auction investors make the check out to themselves and if they are the successful bidder they endorse it to the trustee. This allows you to use the same check to bid until you are the successful bidder. If you do not buy a property this also allows you to easily redeposit the funds.