CA Appellate Court holds Trustee to opening bid of $21k instead $220k! Bidder windfall.

Interesting case came down this week. Santa Cruz County property. Bad for Trustee, good for Bidder.

Here’s the case:

Here’s my summary:

Wow a three year court battle. That sounds like fun. Realist shows the property is still in the previous owners name. I wonder if the previous owner still lives there or is renting it out? You can see the property here: I’m guessing it is valued in the mid-$100,000s after light remodel. (I know nothing about Watsonville real estate.)

Julie - thanks for posting this. Super interesting case, and enjoyed your blog too.