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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Sequence of competing trustee's sale Posted by Ward-CA- on November 17, 2003 at 4:49 PM In Reply to: Trustee Sale posted by VJ on November 17, 2003 at 10:32 AM : What happens when the 2nd and 3rd Trust Deeds to a property are advertised for auction at the SAME time at a trustee sale? : Is there a particular order in which the trustees have to : conduct the sale?Can the trustee auction the 3rd and then the : 2nd , effectively wiping out the 3rd? : What is the best course of action? =•=•=•=•=•=•=•=•=•=•= VJ, No, there's no coordinating between different trustees conducting simultaneous trustee sales on the same property. Any possible combination can take place where a junior lien goes to trustee's sale 5 minutes before the senior lien and then be wiped out by the senior lien. It's extremely rare for such a happening. But if you're faced with such a circumstance just determine the lien going to sale first and then reinstate the other liens. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : What happens when the 2nd and 3rd Trust Deeds to a property are advertised for auction at the SAME time at a trustee sale? : : Is there a particular order in which the trustees have to : : conduct the sale?Can the trustee auction the 3rd and then the : : 2nd , effectively wiping out the 3rd? : : What is the best course of action? : =•=•=•=•=•=•=•=•=•=•= : VJ, : No, there's no coordinating between different trustees conducting simultaneous trustee sales on the same property. Any possible combination can take place where a junior lien goes to trustee's sale 5 minutes before the senior lien and then be wiped out by the senior lien. : It's extremely rare for such a happening. But if you're faced with such a circumstance just determine the lien going to sale first and then reinstate the other liens. : : Hope this helps. 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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