Source: https://wvyounglawyers.com/practice-handbook/foreclosure-form-creditors-perspective/
Timestamp: 2019-04-24 07:04:59+00:00

Document:
and procedure needed to facilitate this necessary but unfortunate evil.
West Virginia uses the Deed of Trust almost exclusively. Mortgages have largely disappeared.
Trustee to commence foreclosure proceedings.
West Virginia state law requires that the Trustee conducting the sale be a West Virginia resident.
voided. Hafer v. Skinner, 542 S.E.2d 852 (W.Va. 2000).
it is silent, West Virginia Code §38-1-5 governs the terms of sale for real property.
recorded prior to that date waive the requirement of notice by publication.
(f) The terms of sale.
the terms of sale for real property if none are mentioned in the deed.
of the notice of sale.
parties have been served with notice of the sale, the foreclosure sale can be held.
1. Does the Trustee Have to Post a Bond?
his assignee specifically requests it ten (10) days before the sale in an amount equal to the full value of the property to be sold. If the Trustee does not post the bond within twenty (20) days after such notice, the power of the Trustee to sell the property will cease until the bond is posted.
ensure that the beneficiary has received the publisher’s affidavit.
lender provides the Trustee with an opening foreclosure sale bid.
grantor’s interest as conveyed by the deed of trust. See W.Va. Code §38-1-3 and Moore v.
that the bidding is closed, as well as the name of the purchaser and the dollar amount of the bid.
The Trustee cannot purchase the property upon which he conducts the sale. See, Robinson v.
third party’s bid is the highest, then the third party will become the new owner.
sale and its terms and signs the memorandum. Fleming v. Holt, 12. W.Va. 143 (1877).
(f) The auctioneer’s expenses and costs.
entitled to the proceeds. Rule 22, W.Va.R.Civ.P.
The Trustee must make a report of the sale within two months after the sale is completed. W.Va.
the holder of the lien upon which foreclosure was made.
file the memorandum of sale within the timeframe will cause the Trustee to forfeit the commission.
proceeds do not extinguish the secured debt. Id.
before the filing of the unlawful detainer.
“involves” more than Three Hundred Dollars ($ 300.00). W. Va. Code § 50-4-8.
defendant is served with process by the sheriff.
judgment for possession (the order allowing eviction) by default.
If the borrower or other occupant appears and contests the matter, a trial is set.
property. The judgment becomes final in twenty (20) days unless appealed.

References: v. 
 §38
 §38
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 v.

 v. 
 § 50