Dear ReConTrust: Sell My House -- PLEASE!

[UNDERinLV]

The $212K is probably including missed payments, late fees, etc....???

[anonymoose]

Tom, I'm guessing you were intending to direct that post to me?

I understand the normal trustee sale process, but this home has been in and out of trustee sales for two years now. I was shocked that it was actually finalized. As a matter of fact, NO home has sold in this county (from ReconTrust) for a long time. They always postponed them.

Also, there is a problem with the price. The loan amount was just under $180,000. The listed sales price is WAY over that...

My former marital residence was just "sold at auction" on July 13, 2012 by Recontrust (to the beneficiary, BAC home loans). The outstanding loan was $117,000 (including negative escrow), and the purchase price was $135,000. There was a second which was charged-off.

I find this whole process unsettling. My former spouse was awarded the house and payment in our divorce 3 years ago. He's not been making payments for more than 2 years. He filed BR shortly thereafter. He's probably laughing his butt off right now.