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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Accepting less than full re-instatement amount Posted by Lughead on May 23, 2003 at 7:20 PM hello we are going to publication next week on a Note the Trustor says they wish to bring us current, but currently have about 75% of the money required to re-instate can the Trustee accept this money and hold it in Trust until such time as he can payoff? how does it work if they cannot come up with the remainder - can we keep the money and reduce our opening bid? or do we need to give it back? it we take it into a Trust account, can we still publish? if he decides to decalre BK - then what do we do with the money? naturally it is in our best interest to get back as much money asap thank you for your help Lughead Follow Ups: Sure, just spell it out in your forebearance agmt. Ward-CA 11:16 PM, 05/23/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : hello : we are going to publication next week on a Note : the Trustor says they wish to bring us current, but currently have about 75% of the money required to re-instate : can the Trustee accept this money and hold it in Trust until such time as he can payoff? : how does it work if they cannot come up with the remainder - can we keep the money and reduce our opening bid? : or do we need to give it back? : it we take it into a Trust account, can we still publish? : if he decides to decalre BK - then what do we do with the money? : naturally it is in our best interest to get back as much money asap : thank you for your help : Lughead 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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