Citiabnks trustee sale will be waste of time if 1st is going to trustee sale. No one in their right mind would bid on 2nd knowing that 1st is gonna wipe out 2nd.
The trustee for the second says that at their trustee sale if no one other than the bank bids then Citibank will be the buyer and will have to satisfy the first lien. She says Citibank is going to bid at their trustee sale. At the conclusion of their sale then they are going to contact the trustee for the first to cancel their trustee sale.
What I am saying is that Citibank knows their is some money in it for them. Maybe not all of it but they can recoup some of it. Their bid at their trustee sale may not be for the entire amount owed them but their is going to be a bid by them, or so their trustee says.
If they can legally be disclosed, it would seem that the credit bureaus would be the place.
Citiabnks trustee sale will be waste of time if 1st is going to trustee sale. No one in their right mind would bid on 2nd knowing that 1st is gonna wipe out 2nd.
The trustee for the second says that at their trustee sale if no one other than the bank bids then Citibank will be the buyer and will have to satisfy the first lien. She says Citibank is going to bid at their trustee sale. At the conclusion of their sale then they are going to contact the trustee for the first to cancel their trustee sale.
What I am saying is that Citibank knows their is some money in it for them. Maybe not all of it but they can recoup some of it. Their bid at their trustee sale may not be for the entire amount owed them but their is going to be a bid by them, or so their trustee says.
Have the auction times been set? (e.g. will 1st go 1st?)
Can you buy the 1st?