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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Overbid distribution.. Posted by Ward-CA- on February 02, 2004 at 8:06 AM In Reply to: trustee sale overbid proceeds posted by dave on February 01, 2004 at 10:37 PM : The property is in california. If I purchased a 2nd trust deed at the 10am sale and the 1st trust deed went to sale at 1:30pm would any overbid proceeds from the 1st trust deed go to me? ================ Dave, As the winning bidder at the 10:00 AM trustee's sale of the 2nd TD, you'd be the new owner of property and the 2nd would have extinguished itself. At the following 1:30 trustee's sale of the 1st TD you'd be the new owner and thus entitled to any potential overbid proceeds emanating from the sale. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : The property is in california. If I purchased a 2nd trust deed at the 10am sale and the 1st trust deed went to sale at 1:30pm would any overbid proceeds from the 1st trust deed go to me? : ================ : Dave, : As the winning bidder at the 10:00 AM trustee's sale of the 2nd TD, you'd be the new owner of property and the 2nd would have extinguished itself. : At the following 1:30 trustee's sale of the 1st TD you'd be the new owner and thus entitled to any potential overbid proceeds emanating from the sale. : 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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