Real Estate Law
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Hello. My name is***** and I am going to assist you with your inquiry.
Please help me understand why you believe the second mortgage was a scam? Did you never pull out a second mortgage on the property?
I'm very sorry to hear about all of this.
The issue is that, although City National went out of business, that did not extinguish your loan. The debt got sold/traded. It is possible that Trinity Bank filed a foreclosure action against you.
The only true options that you have at this point would be to file a complaint with the Department of Consumer Affairs and/or to file a federal lawsuit if you believe that nay fraudulent actions were taken on behalf of the foreclosing bank.
It seems to me that the lender bought the debt, foreclosed on the property for nonpayment, and sold the property at a foreclosure sale.
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