InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Bankruptcy is a tool to temporarily stop a foreclosure. Posted by Ward-CA- on January 10, 2002 at 5:13 PM In Reply to: Bankruptcy posted by Jim on January 10, 2002 at 11:22 AM : Given: 2nd noteholder two months into redemption period on NOD. Trustor files chapter 13. What action, if any, should bene take to protect himself or to make the process to trustee,s sale faster? : Thanks =•=•=•=•=•=•=•=•=•=•= Jim, a bankruptcy filing will temporarily stop the progress of a creditor’s action, such as a foreclosure, until such time as the lender’s lawyer has persuaded the Court to grant the Relief From Automatic Stay prayed for by the foreclosing beneficiary. At that point the foreclosure can continue to move ahead towards the ultimate trustee’s sale. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Given: 2nd noteholder two months into redemption period on NOD. Trustor files chapter 13. What action, if any, should bene take to protect himself or to make the process to trustee,s sale faster? : : Thanks : =•=•=•=•=•=•=•=•=•=•= : Jim, a bankruptcy filing will temporarily stop the progress of a creditor’s action, such as a foreclosure, until such time as the lender’s lawyer has persuaded the Court to grant the Relief From Automatic Stay prayed for by the foreclosing beneficiary. At that point the foreclosure can continue to move ahead towards the ultimate trustee’s sale. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Copyright © 1997-2001, InnoVest Resource Management

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