InnoVest's Foreclosure Forum
Grandpa Ward and Helen outside the office.

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: the rules make sense to me

February 06, 2012 10:59PM
1. I believe the fact that the law states that the trustee sale is perfected as of 8am of the day of the auction is to protect the buyer from weird liens and judgements from sneaking into your chain of title between the the morning of the trustee sale and the time you physically receive your trustee's deed.

2. The bk is a seperate issue and I believe which comes first (the exact minute of your trustee sale vs the exact minute of bk filing) technically wins that battle.

Many trustee services time stamp the trustee sale for exactly this reason.

If I bought a killer deal and a trustee tried unwinding even though the sale took place prior to the bk, I would sue, and win. If I bought a thin deal, I would move on.
Subject Author Views Posted

Does Bankruptcy over turn sale if filed same day

PM 719 February 06, 2012 10:15AM

Re: Does Bankruptcy over turn sale if filed same day

PM 577 February 06, 2012 10:35AM

Re: Does Bankruptcy over turn sale if filed same day

PM 532 February 06, 2012 10:47AM

Re: Does Bankruptcy over turn sale if filed same day

BrianH 518 February 06, 2012 06:39PM

Re: Does Bankruptcy over turn sale if filed same day

mikebick 468 February 06, 2012 09:27PM

Re: Does Bankruptcy over turn sale if filed same day

PM 976 February 07, 2012 01:30PM

Re: Does Bankruptcy over turn sale if filed same day

PM 540 February 07, 2012 01:39PM

Re: Does Bankruptcy over turn sale if filed same day

miabuton 379 March 29, 2012 12:35AM

Re: the rules make sense to me

Island Time 486 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 © 1997-2014, 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