California Supreme Court
May 18, 2013
Court rules for trustee who accidentally sold home for less than a tenth of intended price
The state Supreme Court gave a reprieve Thursday to a trustee whose mistake led to a foreclosed home being sold at auction for less than a tenth of the intended price.
Daily Journal Staff Writer
The state Supreme Court gave a reprieve Thursday to a trustee whose mistake led to a foreclosed home being sold at auction for less than a tenth of the intended price.
The ruling largely hinged on the fact that the trustee discovered the mistake and voided the sale before delivering the deed.
The court also said a foreclosure sale can be overturned where there is a gross inadequacy of price...
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