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Rescinding a Trustee Sale

Posted by ruben on August 05, 2011 at 0:10 AM

Does anyone have information about " How many days the bank has
to rescind a trustee sale?" Maybe a law or code or something?

I currently purchased a property in Riverside county, I recorded
the Trustees DEED and one week after the recording i get a call
from RECON Trust that the Bank Made a Mistake by Auctioning off
the Property and they declared it an invalid sale because the
borower reinstated the Loan. Which makes no sense i paid 112k
for the property and the loan was 415k. Whay would anyone in
their right mind reinstate a loan which is 3 times bigger than
the value of the home. Its Madness.

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