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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] TS Cancelled Posted by Kevin on April 02, 2002 at 2:32 PM Hi Ward, Thanks for all the great information! I was all set to bid at TS tomorrow, I did a lot of homework. The ASAP recorded message still says the sale is on, so I called the lender to confirm, and was told the sale is cancelled. I tried to dig a little further regarding why, but couldn't draw out any additional information. My questions are: - I believe if the owner files BK, that postpones the sale. Right? - Have you ever known a BK to cancel a TS? - How can I find out if the owner actually paid the lender or went the BK route? If the owner goes BK, I don't believe the court will stay the foreclosure for very long due to non-payment of IRS taxes for last several years. I'm still interested in the property, but I know it will not go through sale/escrow due to property tax, HOA, and IRS liens. I think the owner is playing with the lender and the foreclosure process timing. -Have you known lenders to go through foreclosure multiple times with the same owner? Do lenders have a way out when faced with owners defaulting multiple times on the same loan? It doesn't make any sense to me. Any suggestions? This message is much longer than originally anticipated, sorry. Thank you very much, Kevin Follow Ups: Chronic bankruptcy filers. Ward-CA- 6:44 PM, 04/03/02 (3) hoodia Harry Juna 0:31 AM, 02/04/05 (0) hoodia Harry Juna 3:13 PM, 02/03/05 (0) Re: Chronic bankruptcy filers. Kevin 9:12 PM, 04/03/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : Thanks for all the great information! I was all set to bid at TS tomorrow, I did a lot of homework. The ASAP recorded message still says the sale is on, so I called the lender to confirm, and was told the sale is cancelled. I tried to dig a little further regarding why, but couldn't draw out any additional information. My questions are: : - I believe if the owner files BK, that postpones the sale. Right? : - Have you ever known a BK to cancel a TS? : - How can I find out if the owner actually paid the lender or went the BK route? : If the owner goes BK, I don't believe the court will stay the foreclosure for very long due to non-payment of IRS taxes for last several years. : I'm still interested in the property, but I know it will not go through sale/escrow due to property tax, HOA, and IRS liens. I think the owner is playing with the lender and the foreclosure process timing. : -Have you known lenders to go through foreclosure multiple times with the same owner? Do lenders have a way out when faced with owners defaulting multiple times on the same loan? : It doesn't make any sense to me. Any suggestions? : This message is much longer than originally anticipated, sorry. : Thank you very much, : Kevin 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

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