3BR/2BA Home at 2530 Sidon Ave. in La Habra....
Value: $358,000.00 Est Bid: $25,434.00 (on 2nd TD, with a senior 1st TD of $200,000.00)
Opening Bid: $23,954.15 Sold for... $30,100.00 (plus the $200 1st TD = $230,100.00 net purchase price)
This buyer got over $120,000.00 in instant equity at the sale.
Some folks feel that only a first TD is worth bidding at auction.
That is not always true. As in this case.