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Re: Does Bankruptcy over turn sale if filed same day

February 06, 2012 06:39PM
Oh man that means nothing. Don't you know the best deals, at the highest margin with the least amount of risk are to be had "at the steps" and everyone that shows up is handed a PRO badge upon arrival.....

The sarcasm comes from the final paragraph of the opinion on the link about having a chilling effect on 3'rd party bidders.

What I find most interesting is that a judge can make a decision that goes contrary to what a code says and the attorney in the piece says clarification might be necessary. I guess my brain is to simple to find ambiguity in:

the trustee’s sale shall be deemed final upon the acceptance of the last and
highest bid, and shall be deemed perfected as of 8 a.m. on the
actual date of sale if the trustee’s deed is recorded within 15
calendar days after the sale.

According to this the code reads exactly as above: [law.onecle.com]

Bankruptcy being federal can make it's own rules that go contrary to the civil codes of a specific state?
Subject Author Views Posted

Does Bankruptcy over turn sale if filed same day

PM 793 February 06, 2012 10:15AM

Re: Does Bankruptcy over turn sale if filed same day

PM 636 February 06, 2012 10:35AM

Re: Does Bankruptcy over turn sale if filed same day

PM 591 February 06, 2012 10:47AM

Re: Does Bankruptcy over turn sale if filed same day

BrianH 578 February 06, 2012 06:39PM

Re: Does Bankruptcy over turn sale if filed same day

mikebick 511 February 06, 2012 09:27PM

Re: Does Bankruptcy over turn sale if filed same day

PM 1122 February 07, 2012 01:30PM

Re: Does Bankruptcy over turn sale if filed same day

PM 585 February 07, 2012 01:39PM

Re: Does Bankruptcy over turn sale if filed same day

miabuton 435 March 29, 2012 12:35AM

Re: the rules make sense to me

Island Time 533 February 06, 2012 10:59PM



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