Prevents a lot of potential hanky panky...

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mlogan
Are there any implications if the trustor purchases his own property at trustee's sale? I seem to remember some nuance about the debt not getting extinguished .... ?

Yep, to prevent a borrower from engineering a foreclosure, just to wipe out any of his junior liens, there's the rule that reinstates those liens against his property if he should ever become the owner of that property any time after the foreclosure.

I think that's a fair rule.

--------------------------Ward

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