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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Post-bankruptcy foreclosure... Posted by brian on April 22, 2002 at 3:49 PM In Reply to: Post-bankruptcy foreclosure... posted by Jeff on April 22, 2002 at 2:39 PM : Does anyone know if a grantor who has surrendered the deed to their property to the trustee in a bankruptcy is able to sell their property before being foreclosed on? : For what it's worth, there is a trustee sale scheduled by the second lien holder two weeks before the first lien holder has scheduled their trustee sale. : I'm confused why the folks have to be foreclosed on if they have surrendered all interest in the property. Can someone enlighten me? : Thanks in advance! Jeff I'm a little confused about this also. I think the BK removes only the liability created by the note, but leaves the lein. The foreclosure removes the lein, but leaves the liability created by the note. We'll have to wait for Ward to enlighten us. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Does anyone know if a grantor who has surrendered the deed to their property to the trustee in a bankruptcy is able to sell their property before being foreclosed on? : : For what it's worth, there is a trustee sale scheduled by the second lien holder two weeks before the first lien holder has scheduled their trustee sale. : : I'm confused why the folks have to be foreclosed on if they have surrendered all interest in the property. Can someone enlighten me? : : Thanks in advance! : Jeff : I'm a little confused about this also. I think the BK removes only the liability created by the note, but leaves the lein. The foreclosure removes the lein, but leaves the liability created by the note. We'll have to wait for Ward to enlighten us. 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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