The results of the auction for condo #401 are no surprise. The lender bank, in this case HSBC, simply bid $100 more than any other bid.
So HSBC has purchased the property and you can expect it to be turned over to a local realtor and put up for sale, as is, eventually going for about half what was paid for it when it was sold to the first owner.
Case Number: 13000380CA Case ID: 2594241 End Date: 10/09/2014 12:15:00 PM
Bidder ID Bidder Name Bid Info Bid Date/Time
6245 Idania Carpio $37,700.00 09/21/2014 10:58:10 PM
Bidder ID Bidder Name Bid Info Bid Date/Time
Opening Bid $0.00 10/09/2014 12:12:01 PM
Plaintiff Auto Bid $37,800.00
5957 boldbaatar dorj $45,000.00 10/09/2014 12:13:43 PM
Plaintiff winning bid $45,100.00
Auction Closed 10/09/2014 12:15:00:00 PM
The final bid was made by Plaintiff : HSBC BANK USA N A,
In the total amount of: $45,100.00