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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] foreclosure v. probate Posted by Andy on January 07, 2002 at 11:09 AM Hi ward, I need help making sense of the following "actual" scenario. The facts are: Property location: Southern California Lien facts (in order of priority): 1st TD= 83,250 2nd TD= 136,000 HOA Lien= 1,317 The owner past away and the estate was in probate. The following then occurred: April-2001: 2nd TD filed a NOD July-2001: 2nd TD filed a NTS (sale date had numerous postponements) November-2001: Probate sale(public auction)took place. Property was sold to "person P" for $170K. Court confirmation set for February-2002 January 2002-Foreclosure trustee holds sale (foreclosing 2TD) and sells property to 3rd party (person F)for $150K MY questions are? a) Who owns property b) both "person A" and "person F" have surrendered money to various trustee's, what happens to the person and his surrendered dollars that does NOT own property? Thanks in advance for sorting this out. Andy Follow Ups: Re: Depends on whether adequate notice was given. Ward-CA- 6:36 PM, 01/07/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi ward, : I need help making sense of the following "actual" scenario. The facts are: : Property location: Southern California : Lien facts (in order of priority): : 1st TD= 83,250 : 2nd TD= 136,000 : HOA Lien= 1,317 : The owner past away and the estate was in probate. The following then occurred: : April-2001: 2nd TD filed a NOD : July-2001: 2nd TD filed a NTS (sale date had numerous postponements) : November-2001: Probate sale(public auction)took place. Property was sold to "person P" for $170K. Court confirmation set for February-2002 : January 2002-Foreclosure trustee holds sale (foreclosing 2TD) and sells property to 3rd party (person F)for $150K : MY questions are? : a) Who owns property : b) both "person A" and "person F" have surrendered money to various trustee's, what happens to the person and his surrendered dollars that does NOT own property? : Thanks in advance for sorting this out. : Andy Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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