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Hold your horses, partner...

Posted by Rick, the Probate Guy on February 13, 2010 at 9:14 AM

In Reply to: trustee sale posted by bob on February 13, 2010 at 1:11 AM

Your post doesn't state if this was a normal sale (escrow & title insurance) or not.

The reason I bring this up is that if this were an uninsured equity purchase, the buyer acquiring the property subject to the lien which hasn't been paid off and reconveyed, you may have still purchased a property at the t-sale.

I would hope that this isn't just a "Hail Mary" play, either.

Go ahead and reverse engineer the deal then follow up with us here and let us know the facts.

As Nick suggests, if the prior sale was valid, then your recourse to the trustee/lender are nil.


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