GROSS, J.
We reverse an order refusing to set aside a foreclosure sale where a $500,000 property sold for $1,000.
Long Beach Mortgage Corporation held a mortgage on certain real property. The property went into foreclosure. After negotiating with other mortgagees over priority, Long Beach secured a final judgment in foreclosure giving it a credit bid of $716,139.60 plus interest and setting a foreclosure sale for May 22, 2007 at 10:00 a.m.
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