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With all this talk of foreclosures in the news these days, there are certain terms that are beginning to sound as familiar as the screech of your alarm clock every morning. One of the most commonly heard is public trustee auction or PTA. A PTA is quite simply when a foreclosed property is put up for auction.
from: http://ezinearticles.com/?What-Is-a-Public-Trustee-Auction-Anyway?&id=6610492