InnoVest's Foreclosure Forum
Ward takes the stairs.

InnoVest Resource Management's

Foreclosure Forum

Home

Discussion Board

"Hands-On" Training

Title Holding Trust

Annual Reunion

Speaking Schedule

Store

Foreclosure Fundamentals

Code References

Recent Legislation

50 State Foreclosure Basics

Foreclosure Glossary

Foreclosure Statistics

75+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan

Links

Booklist

Contact / Map | Priceline Tips

About Us

Home

 

Innovest Resource Management BBB Business Review

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 4062 February 06, 2012 10:15AM

Re: Does Bankruptcy over turn sale if filed same day

PM 2388 February 06, 2012 10:35AM

Re: Does Bankruptcy over turn sale if filed same day

PM 2441 February 06, 2012 10:47AM

Re: Does Bankruptcy over turn sale if filed same day

BrianH 2393 February 06, 2012 06:39PM

Re: Does Bankruptcy over turn sale if filed same day

mikebick 2450 February 06, 2012 09:27PM

Re: Does Bankruptcy over turn sale if filed same day

PM 3464 February 07, 2012 01:30PM

Re: Does Bankruptcy over turn sale if filed same day

PM 2460 February 07, 2012 01:39PM

Re: Does Bankruptcy over turn sale if filed same day

miabuton 2250 March 29, 2012 12:35AM

Re: the rules make sense to me

Island Time 2320 February 06, 2012 10:59PM



Sorry, only registered users may post in this forum.

Click here to login

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2024, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455