Overturned Foreclosure Sale?

[Matt Pfefferlen]

Hi, I was just a bidder, and I am wondering what are the chances that this foreclosure sale gets rescinded in California.  The auction starts as normal.  The last bid is 100k over opening bid before the auctioneer gets a phone call to stop in the middle.  2 minutes later she gets another call and says it is postponed.   She says you are welcome to stay to get new date.  6 out of 7 leave since we know the drill and common postponements.  Turns out, auctioneer calls trustee again and they say go ahead with sale.  They start auction back at opening bid and the 1 person gets it for 100k less than the last bid.  There are multiple junior liens that would be in line to collect the excess funds they would have gotten in a proper auction.

[Matthew Paul]

Sounds like a shut out . Like in the movie  " the sting "  A regular buyer , or friend of auctioneer  wanted the property , auctioneer fakes a phone call , tells people sale is off , they leave , all of the sudden phone rings again and its back on and the only person left is the friend .