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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Rescinding a Trustee Sale Posted by bukzin on August 05, 2011 at 6:10 AM In Reply to: 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. The trustor/owner only needs to bring current the loan. By paying the missed mortgage payments and late fees he has reinstated. Having the bank/bene reverse the sale is not uncommon, it happens. If you have an attorney relative who has a few years to invest in a case it MAY work out for you. Follow Ups: Re: Rescinding a Trustee Sale Rick Harmon 10:08 AM, 08/05/11 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : 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. : : The trustor/owner only needs to bring current the loan. : By paying the missed mortgage payments and late fees he : has reinstated. : Having the bank/bene reverse the sale is not uncommon, it happens. : If you have an attorney relative who has a few years to invest in : a case it MAY work out for you. [ 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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