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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Fingers crossed... Posted by Steve H. on September 04, 2001 at 10:55 AM In Reply to: Re: Fingers crossed... posted by Ward-CA- on September 02, 2001 at 8:10 PM : : Ward - : : I imagine you're getting sick of me, so I promise this will be the last question. : : The plot has thickened. We just found out today, through the realtor that listed the house, that Wells Fargo foreclosed on Aug. 14, three days before the bankruptcy was filed. Also, we are now pretty convinced that it's only Wells Fargo ($430,000) and Banc One ($143,000) that are lienholders. The property is up for sale Tuesday, so it's too late for us to bid. Any additional thoughts on what the respective lienholders will do? : : Thanks again for the help. : : Steve : =•=•=•=•=•=•=•=•=•=•=•= : Steve, why is it too late? Maybe it’s because you can’t get the bucks to go to the sale so quickly. Anyway, I’d bet there won’t be any bidding by BancOne. And probably only a slight chance a private party would. So that means you need to go to the sale to verify that it sold and to whom and then call them like I detailed in my earlier reply post of today. : I’ve got my fingers crossed for you. Ward - I know I said I wouldn't, but .... The auction today was postponed due to the bankruptcy filing. I assume that when the creditors' meeting takes place in a couple of weeks, and the debtor indicates she will surrender the property, the auction will be rescheduled for the first Tuesday in October. Is that correct? Does the prior foreclosure filing still control, or is there a new filing? Can the second lienholder "get in front" of the first that's already foreclosed? Does this increase the chance of the second lienholder bidding? Thanks again, Steve Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward - : : : I imagine you're getting sick of me, so I promise this will be the last question. : : : The plot has thickened. We just found out today, through the realtor that listed the house, that Wells Fargo foreclosed on Aug. 14, three days before the bankruptcy was filed. Also, we are now pretty convinced that it's only Wells Fargo ($430,000) and Banc One ($143,000) that are lienholders. The property is up for sale Tuesday, so it's too late for us to bid. Any additional thoughts on what the respective lienholders will do? : : : Thanks again for the help. : : : Steve : : =•=•=•=•=•=•=•=•=•=•=•= : : Steve, why is it too late? Maybe it’s because you can’t get the bucks to go to the sale so quickly. Anyway, I’d bet there won’t be any bidding by BancOne. And probably only a slight chance a private party would. So that means you need to go to the sale to verify that it sold and to whom and then call them like I detailed in my earlier reply post of today. : : I’ve got my fingers crossed for you. : Ward - : I know I said I wouldn't, but .... : The auction today was postponed due to the bankruptcy filing. I assume that when the creditors' meeting takes place in a couple of weeks, and the debtor indicates she will surrender the property, the auction will be rescheduled for the first Tuesday in October. Is that correct? Does the prior foreclosure filing still control, or is there a new filing? Can the second lienholder "get in front" of the first that's already foreclosed? Does this increase the chance of the second lienholder bidding? : Thanks again, : Steve 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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