InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Invalid Bankruptcy Posted by Ray on August 08, 2010 at 8:16 AM In Reply to: Invalid Bankruptcy posted by Eddie on August 07, 2010 at 2:26 PM Banks wouldn't hold a trustee's sale after being notified of a BK without very good reason and thought that it would prevail in court and get title insurance on the property. There's something "your friend" isn't telling you or you don't know. Wild guess is that the foreclosed party had been discharged from BK within the last seven years. Ward offers a good suggestion, but if "your friend" doesn't have the ability to bring the loan current or perform on a modification, it's essentially a moot point. Did "your friend" file a Ch 7 or Ch 13 BK? What is "your friend's" BK attorney position on the issue? My guess is the attorney slapped a BK filing together on the quick without doing enough fact finding? Follow Ups: Re: Invalid Bankruptcy Eddie 9:12 AM, 08/08/10 (4) Is this the Beverly Hillbillies? Ray 2:55 PM, 08/08/10 (3) Re: Is this the Beverly Hillbillies? Eddie 9:14 PM, 08/08/10 (2) Short answer: An Emphatic No! Ray 6:32 AM, 08/09/10 (1) Re: Short answer: An Emphatic No! Eddie 9:42 AM, 08/09/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Banks wouldn't hold a trustee's sale after being notified of a BK without very good reason and thought that it would prevail in court and get title insurance on the property. There's something "your friend" isn't telling you or you don't know. Wild guess is that the foreclosed party had been discharged from BK within the last seven years. Ward offers a good suggestion, but if "your friend" doesn't have the ability to bring the loan current or perform on a modification, it's essentially a moot point. Did "your friend" file a Ch 7 or Ch 13 BK? What is "your friend's" BK attorney position on the issue? My guess is the attorney slapped a BK filing together on the quick without doing enough fact finding? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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-date("Y"), 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