mrquoi – I think you are confused with a recording verses a sale. As sdr is pointing out, the lender took the property back because it did NOT sell at the trustee sale. The event however was recorded by the county as it should be. The price that you see was most likely the opening bid amount. This also MAY NOT cover all the deliquencies on the home. So title went to the lender. The house did NOT sell for 25% off the list price as you are implying. As sdr pointed out, the house was currently listed for sale, by the lender, who now holds title, and is now in escrow for the much higher price.
