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.