Legal Question in Real Estate Law in Nevada

Unjust Enrichmen,

I give $27,300 to auctioneer in a trustee sale here in Las Vegas, thinking I was purchasing a small condo, but in return I got a bad debt,a second loan that was unpaid and its worth $0, how can I get my money back, the Auctioneers (Nevada Legal News), the trustee company (National Default) and the bank (Wachovia) all are stating that this is a buyer be aware situation and sorry that I made a mistake and got nothing in return for my money,very soon the property will be sold in the same trustee sale again, but this time will be the first lien (held by the same bank Wachovia) because is also in default (the balance of this lien is more than the value of the property).


Asked on 6/10/10, 11:18 pm

1 Answer from Attorneys
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

It really depends on which lender that we being foreclosed by. If there was a loan in the third position, you would take subject to the second and first loans. I would need to do a title search on the property to see if you have a claim. If you would like to have a consultation, email me at [email protected] to set it up.

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Answered on 6/11/10, 7:44 am


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