Creditor’s Inability to Set Aside a Judicial Foreclosure Sale Despite Gross Underbidding: Amalgamated Bank v Superior Court (2007)

This article discusses a California case where the creditor - who had showed up one minute at its foreclosure sale - was thereafter unable to have it set aside or preserve its lis pendens although the property was sold for $2,000 rather than the $6 million it was worth to a friend of the debtor