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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Bankruptcy and Re-start of Trustees Sale Posted by Derek on November 20, 2009 at 10:41 AM In Reply to: Re: Bankruptcy and Re-start of Trustees Sale posted by Rick, the Probate Guy on November 20, 2009 at 8:35 AM : Generally, the practice is to postpone (not "cancel") the initial sale, and continue to postpone until the debtor's Bk is either discharged, confirmed or the debt satisfied. : The primary advantage of this for the trustee/bene is that they avoid additional republishing costs. : There are a small handful of t-sale buyers who track sales postponed by bk for months ans sometimes years, with hope that as time goes on, the t-sale continues to fall off more and more bidders' radar. that is what i have noticed over the years as well. however, i have noticed more and more where the trustee is cancelling the sale completely and starting over with a new notice of trustee sale scheduled for approximately 90 in the future as required by ars (arizona revised statutes). just wondering why they may be doing this rather than just holding the auction when the bankruptcy clears? any thoughts as to what, if any advantage there is to the beneficiary or trustee in doing this? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Generally, the practice is to postpone (not "cancel") the initial sale, and continue to postpone until the debtor's Bk is either discharged, confirmed or the debt satisfied. : : The primary advantage of this for the trustee/bene is that they avoid additional republishing costs. : : There are a small handful of t-sale buyers who track sales postponed by bk for months ans sometimes years, with hope that as time goes on, the t-sale continues to fall off more and more bidders' radar. : : that is what i have noticed over the years as well. however, i have noticed more and more where the trustee is cancelling the sale completely and starting over with a new notice of trustee sale scheduled for approximately 90 in the future as required by ars (arizona revised statutes). just wondering why they may be doing this rather than just holding the auction when the bankruptcy clears? any thoughts as to what, if any advantage there is to the beneficiary or trustee in doing this? [ 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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